SYDNEY: Australia’s central bank will likely lag its peers in tightening monetary policy even though the country has been among the most successful in handling the pandemic and has emerged from its Covid-related economic slump with strong growth momentum.
Job vacancies are at a 12½ year high, nearly 50% above pre-virus levels, unemployment is already close to where it was before the pandemic, consumer spending and house prices are booming and indicators of consumer and business confidence are positive.
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