Statement on Monetary Policy November 2024

Contents

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• In Brief
• Overview
• 1. Financial Conditions
  • 1.1 Interest rate markets
  • 1.2 Other measures of financial conditions
  • 1.3 Australian banking and credit markets
• Box A: The Pick-up in Housing and Business Credit Growth
• Box B: Economic Policy Developments in China
• 2. Economic Conditions
  • 2.1 Global economic conditions
  • 2.2 Domestic economic activity
  • 2.3 Labour market and wages
  • 2.4 Assessment of spare capacity
  • 2.5 Inflation
• Box C: Insights from Liaison
• 3. Outlook
  • 3.1 The global outlook
  • 3.2 Key domestic judgements
  • 3.3 The domestic outlook
  • 3.4 Key risks to the outlook
  • 3.5 Detailed forecast information
• Box D: Annual Review of the Forecasts

The cut-off for data used to prepare the Statement on Monetary Policy was 30 October 2024.

Underlying data for selected graphs. Other data may be available upon request via our general enquiry form.

Some graphs in this publication were generated using Mathematica.

ISSN 1448–5141