Original article by David Uren
The Australian – Page: 5 : 31-May-18
The OECD has forecast that the Reserve Bank will be able to commence tightening monetary policy by the end of 2018 due the outlook for the Australian economy. The OECD expects economic growth of 2.9 per cent in 2018 and three per cent in 2019, while further strong growth in the employment market is forecast to have a flow-on effect for wages by the end of 2018. However, the OECD warned that the risks associated with high house prices require "continued vigilance".
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, AUSTRALIA. DEPT OF THE TREASURY