Comments by RBA member Ian Harper
- Wage growth "is all slow"
- Wage hotspots are not obvious
- Wage growth recovery will be a long haul
- RBA has a "steady as she goes" approach
It very much goes without saying the RBA will stand pat with regards to monetary policy for quite some time still, and is not expected to move at all in 2018. And indeed, wage growth has continued to struggle. Adding to the ongoing concern of household debt/consumption.
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