Glass half full for local economy: RBA

THE RBA appears content to watch and wait on rates, maintaining a solid tone about the domestic economy.

The RBA is in no rush to lower interest rates despite growing expectations of a cut by Christmas.

WHILE the global economic outlook may be more worrisome, the local front looks more secure, according to the Reserve Bank, which appears in no hurry to ease interest rates.

IN the minutes of its October board meeting, released on Tuesday, the central bank noted the labour market had proved healthier than expected and tipped the jobless rate to hold steady or even fall a little in the months ahead.