Some comments passing through some news sources, not sure if it's a repeat of Harper's old comments but I can't find any to match
- Excess capacity in labour market bigger than thought
- Investment in non-mining industries growing quickly
- Strong government infrastructure spending also helping economy
Either way, it's in line with the RBA rhetoric - one that doesn't change. The market is still expecting the RBA to only consider hiking rates in Q4 2018. That's a long way to go, and until the RBA starts changing their stance, this is the way things are going to be.
