Original article by David Rogers, James Glynn
The Australian – Page: 28 : 14-Nov-17
The Reserve Bank’s deputy governor Guy Debelle has told the UBS Australasia Conference that business investment outside of Australia’s mining sector has been stronger than official figures suggest in the last several years. He said the services sector in particular has recorded strong growth in capital investment, while there has also been an increase in public investment in infrastructure. Meanwhile, Debelle noted that a rise in the cash rate will be dependent on an increase in wages and inflation.
RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD