RBA, consumers upbeat in face of Omicron

By Colin Brinsden, Aap Economics and Business Correspondent
Updated December 7 2021 - 4:01pm, first published 3:55pm
Households have accumulated some $240 billion in excess savings, ready to be spent over Christmas.
Households have accumulated some $240 billion in excess savings, ready to be spent over Christmas.

The Reserve Bank does not believe the emergence of Omicron will derail the economic recovery as Australians more broadly look set to spend big in the run-up to Christmas.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Ballarat news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.