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).

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