RBA’s Lowe: Low wage growth has helped Australia’s job growth

More comments flowing in from new RBA's Governor Lowe last minutes, via MNI, as he continues to speak before the House of Reps Standing Committee on Economics today.

More Headlines:

Households using extra cash to pay debt, not spend

Households paying down debt delays policy transmission

Household consumption growth has been ok, not far from trend

Non-mining growth reasonably broad based, aided by population growth

Low wage growth has helped Australia’s job growth

Low wages, strong employment seen across western world

See pockets of overcapacity in China; do not want to overstate problems

Would watch market reaction should trump be elected