Comments from Reserve Bank of Australia board member Ian Harper to the Wall Street Journal
May be gated, but here is the link
The weakness in the jobs growth (it is growing, but very slowly) along with slow wage growth also is a concern for the Reserve Bank of Australia. These, along with with high indebtedness, is weighing on consumption and thus the economy (domestically). Any reduction of concern at the RBA will reduce the potential for any further rate cuts (if there is any!). Harper's comments are not definitive, but maybe a glimmer of hope inside the central bank.
Governor Lowe speaks later (0910GMT) - we might get more then ... stay tuned.
