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Chief economist update: RBA not cruising for a bruising

Were it not for the RBA's concern over adding fuel to overheating property prices (at the time), the Australian central bank would have already cut rates mainly due to the stagnation in wages growth which is a negative for both inflation and growth.

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Read more: Financial StandardANZAustralian Bureau of StatisticsGovernor LoweHoustonMay BoardMelbourneNABNovember 2010-OctoberPhilip LoweReserve Bank of AustraliaSydneyWBC