RBA's Debelle speech: Rate hike likely to come from a good economy and not a shock
Guy Debelle, Deputy Governor of the RBA is speaking at the Business Investment in Australia at the 2017 UBS Australasia Conference, Sydney, saying:
If interest rates were materially higher households would have trouble servicing their debt.
Does not see a shock that would force rate rises.
There is still a risk that wages growth stays low for longer.
Rate hike likely to come from a good economy and not a shock.
Some pockets in the economy are showing signs of wage pressure.