This assessment encompasses a wide range of financial market and other economic indicators, including forecasts produced both within and outside the Eurosystem. Within the second pillar, cyclical developments and wages are important indicators for future price developments. In addition, the exchange rate is one of the important determinants of the outlook for price stability.
People living in Australia who were born overseas are more likely than the average Australian to have a post-secondary school qualification (Graph 3). We also benefit from stronger overseas connections when foreign students return home after studying in Australia.