Employment rose in July, with 27,900 jobs created.
The Reserve Bank of Australia is stuck, according to the economic evidence, it has to raise rates but it also should cut.
With slow wages growth it is hard for household to “delever” themselves.
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
Despite what RBA chief Philip Lowe says, asking for a pay rise isn’t so simple for many employees.
Building negotiating power is crucial for anyone looking to ask for a pay rise. But for those who can't, perhaps it's the employers' responsibility to ensure fair compensation.
Pay rise? Why not, says the RBA governor.
For a whole lot of workers in Australia, cutting a better pay deal is very hard.
Is the Australian economy ‘the little engine that could’?
Some seem to think the RBA is bullish on growth, but reading between the lines it seems to be hedging.
Incoming RBA Governor Philip Lowe appeared before the House Standing Committee on Economics this week.
The odds are the Fed will raise rates once and the RBA will cut once before the end of the year.
Incoming RBA governor Philip Lowe
Incoming Reserve Bank governor Philip Lowe will face the challenges of rapid credit and asset prices growth.