Recap of RBA's Ellis speech, Q&A earlier

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis spoke earlier today

Post are here:

A couple of recaps up around the place if you'd like:

  • In her speech, Ellis drilled down into three of the key issues confronting the economy: How much spare capacity it has; how much wage growth and inflation will pick up; and how resilient will consumption growth be if income growth remains weak.
  • Ellis said liaison with firms found many were reluctant to raise prices in the face of fierce competition, so were also reluctant to grant larger wage rises.
Apart from those two, some of the local outlets also picked up on the speech:
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pro tip for Aussie employees ... quickest way to a pay rise is a new job.
YW.
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