rba speech, 2025-10-15
It's important to note that this does not suggest that wages growth that is above these levels for a period will necessarily drive up inflation, or preclude a period of real-wage 'catch-up' that allows workers to recoup previous declines in real wages — indeed the August SMP forecasts include a projection for wages growth that exceeds these rates in the near term, while inflation remained close to the midpoint of the target range.
Sentiment: neutral
Topic: mp_inflation