Original article by James Glynn
The Australian – Page: 17 & 28 : 29-May-18
Reserve Bank of Australia board member Ian Harper says factors such as the low growth in wages means the central bank is unlikely to increase official interest rates in the near-term. He adds that slowing growth in residential property prices will also not influence the timing of a rise in the cash rate. Financial markets do not expect monetary policy to be tightened until at least late 2019.
RESERVE BANK OF AUSTRALIA, MELBOURNE BUSINESS SCHOOL