Via WSJ comes Ian Harper, the RBA’s chosen and much-improved jawboner:
“The thing that is causing an issue for us (the RBA board) is slow growth in wages, which is feeding into slow growth in household income,” Professor Harper said in an interview with The Wall Street Journal. “If you start to lose that momentum, that might be the basis of some sort of policy action,” he said.
“It is yet another indication that we are not out of the woods,” he added.
