Current Economic Conditions – data as at 18 February 2025

Our economist, Jacob Harris, provides the February update on the Australian economy for high school economics students. The video uses information in the Reserve Bank of Australia’s February Statement on Monetary Policy, and provides a summary to help students better understand recent economic developments.

00:00 Introduction
00:32: Inflation
2:30: Labour market and unemployment
3:56: Economic growth
5:03: Monetary policy response

Statement on Monetary Policy (February 2025) – https://www.rba.gov.au/publications/smp/2025/feb/
Explainer (Causes of Inflation) – https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html
Monetary Policy Decision (February 2025) – Statement by the Reserve Bank Board: Monetary Policy Decision – https://www.rba.gov.au/media-releases/2025/mr-25-03.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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