Australian wages rising at their slowest pace on record - RTRS

Reuters out with its take on the Australian wage price index figures for the first quarter 2017, which came in line with expectations.

Australia’s wage price index held steady at 0.5% in Q1, meets expectations

Key Points:

Australian wages are rising at their slowest pace on record

At a time when household debt has climbed to an all-time peak

The central bank is worried about surging household debt alongside skyrocketing property prices at a time when income growth has slowed

Households burdened by heavy mortgage debt have a reduced appetite for consumption, making the transmission of monetary policy weaker, RBA Governor Philip Lowe said earlier this month.