Tweet of the day: RBA's economic snapshot

Tweet of the day: RBA's economic snapshot
Jessie RichardsonDecember 7, 2020

For those who don't have time to read Governor Glenn Stevens' full November statement or trawl through the latest figures from the Australian Bureau of Statistics, the Reserve Bank (RBA) has tweeted a visual update on Australia's economy.

The infographic also serves as a handy reminder of what the Reserve Bank takes into account when deciding the overnight cash rate, which this month remained at 2.5%.

At 2.3%, inflation continues to stay within the RBA's 2-3% target band, while it keeps an eye on the value of the Australian dollar.

With the average home now valued at $555,000, the RBA continues to flag increasing dwelling prices.

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