Reserve Bank's hands tied as wage growth hits new record low

By Peter Martin
Updated February 23 2017 - 6:08am, first published 5:30am
Private-sector wage growth has posted a record low for the second consecutive quarter. Photo: Louie Douvis
Private-sector wage growth has posted a record low for the second consecutive quarter. Photo: Louie Douvis

Private-sector wage growth has slid to a record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.

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