Strong wage growth still key to rate rise
Reserve Bank governor Philip Lowe has again put stronger wages growth as a key element before raising the cash rate.
Reserve Bank governor Philip Lowe has again put stronger wages growth as a key element before raising the cash rate.
Reserve Bank governor Philip Lowe said a cash rate rise is "plausible" later this year but he is surprised by the multiple moves priced in financial markets.
The Reserve Bank of Australia governor Philip Lowe says the central bank board is prepared to remain patient before lifting interest rates.
More Australian workers are quitting their jobs for better-paid ones, and the Reserve Bank of Australia has noticed professionals are leading the charge.