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Reserve Bank governor Philip Lowe will have a chance to embellish on his view of last week’s national accounts when he returns to the lectern on Monday.

The national accounts showed the economy had expanded by 3.3 per cent in the September quarter, rebounding from the nation’s record seven per cent contraction in the June quarter.

It marked the end of Australia’s first technical recession since the early 1990s.

Dr Lowe’s initial response to the figures, while facing a parliamentary committee last Wednesday, was “good”.

The Reserve Bank is not expecting the growth rate to return to its pre-COVID levels until the end of 2021.

“If we keep getting numbers like that it will be a bit quicker,” Dr Lowe said.

The governor will address the Australian Payments Network on Innovation and Regulation in the Australian Payments System.

Meanwhile, the Australian Industry Group will release its performance of services index for November.

The index in October jumped to a level that indicated the sector was expanding for the first time since November 2019 following the COVID-related slump in the June and September quarters.

ANZ will also release its monthly job advertisement report for November, a pointer to future employment.

Job ads rose by a further 9.4 per cent in October, but were still down 13.5 per cent from their February level and prior to the onslaught of the coronavirus pandemic.