The Reserve Bank has warned inflation is set to weaken in coming quarters, setting the scene for more years of no interest rate rises.
The Reserve Bank has made clear what it thinks of the campaign from neoliberals to push interest rates up out of a fetish for tighter monetary policy.
Contrary to media reports, Australians are not being crushed under the rising burden of credit card debt, we're just using our cards differently.
Life as an inflation hawk must be great -- you can constantly demand interest rate rises without ever bothering about how they would affect people in the real world.
This isn't business as usual. Australia is stuck with a "structural" problem of low wages growth, the Reserve Bank governor says.
"Don't mention industrial relations" appears to be the mantra for policymakers as they try to explain why wage stagnation is weighing down the economy so heavily.
Policymakers, refusing to accept that their wage growth thinking is deeply flawed, serve nothing but the interests of profitable corporations.
The New Zealand economy is at full employment but wages aren't budging -- suggesting the optimism about wages growth in Australia is ill-founded.
Contrary to the impression given by the head of the Reserve Bank, there's little positive in recent wages growth data -- and what little there is is hardly cause for celebration.