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AAP
AAP
Business
Colin Brinsden, AAP Economics and Business Correspondent

Strong wage growth still key to rate rise

RBA governor Philip Lowe believes the jobless rate could fall below four per cent this year. (AAP)

Reserve Bank governor Philip Lowe appears in no rush to lift the cash rate given the uncertainties surrounding the inflation outlook and the risk that other coronavirus variants may emerge and impact the economy.

He still wants wages growth to accelerate from its current low level of 2.2 per cent to ensure inflation holds sustainably within the two to three per cent target.

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