Last quote by Gareth Aird
The Reserve Bank cut rates twice last year, in May and August, and I think the reaction that we saw in the housing market off the back of those cuts really caught them by surprise. They cut the interest rate because inflation printed a lot lower than they expected but then we saw the housing market really kick off. There's plenty of spare capacity here in the economy. I doubt we're going to see a material pickup in wages or inflation.
Feb 07 2017
Gareth Aird has been quoted in 2 different articles. Most recently, Gareth Aird has been quoted saying, “We have cash rates down to 1.5 percent and we're still not seeing a pick-up in wages or inflation. We probably need to see a pick-up in investment in order to see full-time employment materially lift.” in an article called Where have the jobs gone? Australians grapple with less work, low pay. This is only one of 2 quotes from Gareth Aird. To see more examples Gareth Aird’s views and opinions, check out the section below. You can filter Gareth Aird's quotes by date and by topic to see, for example, what Gareth Aird said about investment recently and in the past.
Quotes by Gareth Aird
Sep 11 2016
We have cash rates down to 1.5 percent and we're still not seeing a pick-up in wages or inflation. We probably need to see a pick-up in investment in order to see full-time employment materially lift.
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