RBC Capital Markets' Ong on RBA Preview

The video discusses the Reserve Bank of Australia's potential decision to increase interest rates by 25 basis points to combat inflation, considering factors like a tight labor market and rising wages. It also examines the impact of the national minimum wage increase on inflation and the economy. Despite potential risks of a slowdown or recession, strong migration and household savings may help Australia avoid a recession. The video also explores the dynamics of the housing market, noting rising prices due to supply constraints and increased demand.

What is the expected impact of the minimum wage increase on wage growth and inflation?

What is the overall outlook for Australia's economy in light of the discussed factors?

What are the dynamics affecting house prices in Australia according to the discussion?