Wage data came in as expected, labour market still strong.Still have a tight labour market, think it's a little too tight.Board did not want to be late in easing.Board aware of long and variable lags for policy.
Earlier:
RBA Gov Bullock wary that cutting rates too quickly could lead to inflation above midpointRBA Gov Bullock says the Bank aiming for the mid-point of the 2-3% inflation target bandAndrew Hauser, Deputy Governor;Sarah Hunter, Assistant Governor (Economic);and Brad Jones, Assistant Governor (Financial System)
are all appearing before the Australian parliament's House of Representatives Standing Committee on Economics
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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