Remarks by RBA deputy governor, Guy Debelle
- Hoping for wage growth to hit +3% or more in 2024
- Will have to wait and see economic impact of lockdown in Victoria
- Short sharp lockdowns have had limited economic impact so far
- Household sector sitting on a decent pile of savings, there is capacity to spend
Pretty much a repeat of what we have heard from the RBA yesterday as they reaffirm their more dovish stance to keep easy policy through to 2024 at least – well beyond what the market expects the Fed to do (keep that in mind).