Reserve Bank could keep cutting rates
The Reserve Bank could keep cutting interest rates as wages growth remains subdued at 3.2 per cent in the year to March.
CommSec chief economist Craig James said: "Wages aren't excessive when you compare it with the growth of prices and productivity. It's a win-win result for the economy. It leaves the door open for the Reserve Bank to cut interest rates."
Wages are growing at the slowest pace since 2010, at a level well below the central bank's comfort limit of 4 per cent to 4.5 per cent.
Source: Australian Financial Review