The Reserve Bank knows that wages aren't growing, but doesn't know why, and doesn't know what level of unemployment is needed to get them growing.
Neoliberals are furious the Reserve Bank wants to stimulate the economy rather than enacting a purge that will inflict pain on workers and households.
You say seasonally adjusted, I say trend — which jobs data is right? The RBA has decided neither of them show the falling unemployment it needs to forestall a rate cut.
The RBA has taken the remarkable step of flagging that it will cut interest rates out of concern for unemployment, the government's high tax burden and persistent low household income growth.
The Reserve Bank has significantly lowered its forecasts for economic growth — and wage stagnation is to blame.
The RBA has been watching Trump’s trade war threats for some time. Will his recent comments affect today's decision?
Major banks increased interest rates because their borrowing costs went up -- but left them there when costs went back down again. Now NAB is complaining an interest rate cut will hurt its profits.
Crikey readers discuss the Morrison government's response to the royal commission, what Hayne missed, and the fate of interest rates in 2019.