Employment in Australia to Exceed Pre-COVID Levels

Pedestrians are reflected in the wall of the Reserve Bank of Australia in Sydney on April 2, 2019. Australia's central bank kept interest rates on hold and maintained a neutral bias even as it was less upbeat about the economy amid slowing growth. SAEED KHAN/AFP/Getty Images

Reserve Bank of Australia (RBA) has forecasted that Australia will reach full employment in two years following better than expected unemployment figures and 12-year high levels of job ads.

At the monthly meeting, the RBA upgraded its economic forecast while keeping the cash rate at near zero percent—which will remain at current levels until “2024 at the earliest.”