RBA’s Heath: Upbeat on recent economic data

Dhwani Mehta FXStreet

Reserve Bank of Australia's (RBA) Alexandra Heath, Head of Economic Analysis, is on the wires now, via Reuters, making a scheduled speech on the outlook for the housing market.

Key Points:

Recent economic data positive.

Now more confident about a sustainable pick-up in non-mining business investment.

Says "paying close attention" to house prices given effect on household wealth.

Dwelling investment not likely to contribute much to growth over next couple of years.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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