RBA seeks to gain ‘additional’ insight into wages – Lowe
Central bank teams up with statistical agency to gain insight into declining wage patterns
The Reserve Bank of Australia has partnered up with the Australian Bureau of Statistics (ABS) to obtain some "additional" insight into the slow rate of growth being witnessed in wages, according to the governor of the central bank.
"Together we have looked at the wage increases for all the 18,000 individual jobs that the ABS uses to construct the WPI. The results are interesting," Philip Lowe told delegates attending a Citi conference on October 17.
The new RBA governor explained that in recent
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