Daily briefs

Daily briefs: 'Wage and inflation dynamics have changed'

RBA governor Philip Lowe

RBA governor Philip Lowe said changes to wage and inflation dynamics forced the central banks to "put more weight on outcomes" rather than forecasts. Image credit: Mick Tsikas/AAP

Changes in wage and inflation dynamics, as well as record low interest rates, have fundamentally changed the Reserve Bank's approach to monetary policy, an event heard last night.[.....]

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