You don't need an economist like me to tell you that rates are going nowhere for a long time

You don't need an economist like me to tell you that rates are going nowhere for a long time. Inflation is stuck between two and three percent. So no need to lift rates. And with housing healthy, no need to cut rates either. The good news for retailers is that real wage growth has returned: wages up 2.6% over the year; inflation at 2.3% (or underlying at 2.4%).


Craig James
Chief Economist
CommSec

I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...

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