RBA's deputy governor Debelle: We will not raise cash rate until actual inflation is sustainably within target band
Notícias do Mercado
6 maio 2021
RBA's deputy governor Debelle: We will not raise cash rate until actual inflation is sustainably within target band
There has not been any material upside surprise in inflation
Economic recovery has "significantly exceeded" even most optimistic expectations
But not the case for wages, inflation in Australia
Need to see further significant gains in employment, lower unemployment rate
Need a tighter labour market to lead to higher wage rises
Does not expect such conditions to be met until 2024 at the earliest
State of economy is key determinant of policy settings, not the calendar
There are tools to deal with house prices, monetary policy not one of them
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