The prospects for a pickup in wages growth and inflation are good, the RBA's Christopher Kent says. Source: AAP
Australia is more than three-quarters of the way through the decline in mining investment which has knocked the stuffing out of economic growth for several years, according to Reserve Bank assistant governor (economic) Christopher Kent.In an upbeat speech delivered in Sydney on Tuesday morning, Dr. Kent repeatedly stated that recent economic growth had been stronger than the Reserve Bank had anticipated.In an interview with Ivan, Morgans' Senior analyst Brian Pun is going to look into the details of this speech.
Australia is more than three-quarters of the way through the decline in mining investment which has knocked the stuffing out of economic growth for several years, according to Reserve Bank assistant governor (economic) Christopher Kent.In an upbeat speech delivered in Sydney on Tuesday morning, Dr. Kent repeatedly stated that recent economic growth had been stronger than the Reserve Bank had anticipated.In an interview with Ivan, Morgans' Senior analyst Brian Pun is going to look into the details of this speech.
