RBA: “considerable uncertainty” - UOB

Analysts at UOB Group noted the Reserve Bank of Australia (RBA) cautioned in its latest meeting minutes that there is “considerable uncertainty” over how quickly wages may grow and how this could impact inflation. 

Key Quotes:

"The RBA’s November minutes noted that wage growth remained low despite a falling unemployment rate, which the central bank forecasts to edge lower. 

Separately the Reserve Bank of Australia (RBA) cautioned in its latest meeting minutes that there is “considerable uncertainty” over how quickly wages may grow and how this could impact inflation. The RBA’s November minutes noted that wage growth remained low despite a falling unemployment rate, which the central bank forecasts to edge lower."