I posted on comments from the Reserve Bank of Australia's Ian Harper in the Wall Street Journal earlier: WSJ article: RBA Still Not Ruling Out Rate Cut

The Journal article is gated, but its now at The Australian: Reserve Bank of Australia still not ruling out rate cut

Which is not as tightly gated (if at all for some stories). The full piece is at that link.

  • "The thing that is causing an issue for us (the RBA board) is slow growth in wages, which is feeding into slow growth in household income,"
  • "If you start to lose that momentum, that might be the basis of some sort of policy action"

AUD is taking another leg (maybe just a toe) lower as I update