This week we review the range of views within NAB’s research teams about the future of various conventional and unconventional monetary policy settings.
Some small short-term cost to growth due to shutdowns and border re-closures, but medium-term outlook remains brighter.
The Weekly provides an update on the China-Australia trade and the diplomatic dispute.
Traditionally the labour market has been a lagging indicator of activity. However, in this pandemic it is largely contemporaneous and is thus a good summary indicator of the wider economy as well as being timely given new data sets such as weekly payrolls and regular job ad updates by SEEK and Indeed.