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Bloxo: RBA to hike on terms of trade lift

April 21, 2017 - 09:52 -- Admin

Another hopeful report today: For an inflation-targeting central bank, wages growth matters. Indeed, the two key empirical models that the RBA uses for forecasting inflation both have wages and the labour market as key inputs. The first is a ‘Phillips’ curve’ model, which suggests that as the unemployment rate falls, and spare capacity in the

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