Reserve Bank of Australia assistant gov Ellis says bit more confident about pick up in wages, inflation

Market news

13 February 2018

Reserve Bank of Australia assistant gov Ellis says bit more confident about pick up in wages, inflation

Progress, however, expected to be gradual and to lag other advanced economies
Weak income growth especially risky given high debt levels
Recent enterprise agreements to weigh on wage growth for a while
No immediate pick up in wage growth expected, to be gradual thereafter
Retail competition to work against a rise in inflation

Bank of England's Mccafferty says BoE would like to get back to position where it can cut or raise rates materially before reversing QE

BoJ Gov Kuroda: cryptocurrencies are unlikely to threaten sovereign currencies as means for settlement

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