RBA rules out rate rise partly due to low wage growth
Interest rates are expected to stay at 1.5 per cent after an announcement from Reserve Bank (RBA) governor Philip Lowe. The decision not to raise rates is driven partly by record lows in wages growth, which has been stuck at 0.4 to 0.6 per cent for the past 13 quarters. Callam Pickering, the Asia-Pacific economist […]