Wages growth worst in a century
Real wages have continued to collapse with the latest data confirming Australia has suffered the worst real wage...READ MORE
The Reserve Bank governor has dismissed any chance of a rate hike any time soon, after a week of financial turmoil sparked by fears of rapidly rising inflation and interest rates in the United States.
Philip Lowe said the recent market volatility would not have any impact on the growth outlook for Australia, which remains at "a bit above 3 per cent over the next couple of years".
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