Business
Forget debt and housing prices. This is what the RBA is really worried about – The New Daily
The Reserve Bank isn’t concerned about asset bubbles, government debt or inflation. It wants Australians in jobs and their wages to increase.
Reserve Bank governor Phillip Lowe isn’t worried about housing bubbles, government debt or potential inflation outbreaks.
Australia’s top economist is fixated on two things: jobs and wages.
And on both counts, unfortunately, the outlook isnt great.
It will probably be at least three years until workers see their pay packets growing and the economy starts really heating up again.
In the meantime, Dr Lowe and the RBA intend to use every policy lever at their disposal to hasten the recovery.
“Very…
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