RBA SNAPSHOT: Australian Economy December 2016

The Reserve Bank has released its December snapshot of the Australian economy: Household Saving Ratio 6.3% Average Weekly Earnings $1,161 Average Price of Residential Dwellings $623,000 Population 24.1M (1.4% annual growth) Unemployment Rate 5.6% AUD/USD A$1US$0.7459 Cash Rate 1.5% Inflation 1.3% Economic Growth 1.8%

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