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Rates to remain low until ‘materially higher’ wages growth

Minutes from the Reserve Bank’s December policy meeting revealed that the bank has no intention of lifting rates until it sees stronger wages growth.

Rates to remain low until ‘materially higher’ wages growth
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  • Shared from accountantsdaily.com.au
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  • January 06, 2022
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  • 1 minute read
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Rates to remain low until ‘materially higher’ wages growth

The RBA has, however, moved away from predicting when the rate hike would take place to discussing the conditions that would support such action.

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