RBA’s Lowe: Covid lockdowns have not been as damaging to consumption as first feared

More comments coming in from the Reserve Bank of Australia (RBA) Governor Phillip Lowe, as he continues to respond to the Q&A session following his speech.

Key quotes

Covid lockdowns have not been as damaging to consumption as first feared.

Powerful, structural factors at work keeping wage growth low.

Need to have a very tight labor market to get wages up.

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