CommBank Global Economic & Markets Update podcast

A change of Government and the implications

May 23, 2022

In our latest podcast Gareth Aird, Head of Australian Economics and Belinda Allen, Senior Economist discuss the implications from the change in Government. In short we retain our economic and RBA forecasts as at this early stage there is little change in policy that requires us to revisit our forecasts. There will be some policy shifts, particularly around child care, health, aged care, housing and climate change.  But they don’t change the economic picture over the near term.  We also discuss the election result in the context of recent labour force and wages data and our outlook for the RBA.  We expect the RBA to deliver a 25bp increase in the cash rate at the June Board meeting.


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