Taylor Nugent
speaker
7,962 appearances
80 recordings
1 series
first heard Sep 2024
last heard 27 Aug
Taylor Nugent’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 36 in all, peaking in Nov 2025 with 5.
Appearances
into those uh inflation risks.
It doesn't include the
Yeah, that's that's right.
And so, you know, this is reflecting uh wages growth in the three months to May.
So it's, you know, potentially some somewhat dated in that view.
We know we've got the higher award wage and that will flow through in the in the third quarter data.
Um, there's also been uh some reasonably uh large increases in a few public sector agreements that have been um announced recently that will be flowing through in the second half of this year as well.
And so, you know, all of that
It's gonna keep the the RBA kind of, you know, cautious here, but you know, o overall we don't really think wages are the the main game in in town at these sorts of levels for uh in terms of what's driving the the inflation risks for for the RBA.
Well the
Yeah, I think what we're seeing here is, you know, you saw it in private sector wages growth that was up, um can you know, continue to to moderate from kind of twenty twenty three highs up point seven percent quarter on quarter across that private sector number.
And it does suggest that kind of there has been very gradual cooling in the labor market over the past few years that is reflecting in very gradual moderation um in in wages growth pressure.
Um, but yeah, certainly nothing that would s
suggests to the RBA that cyclical conditions in the labour market are really pretty much downward pressure on on inflation.
They're not really the they're not really the key driver um of, you know, the recent reacceleration in inflation, certainly, but you know, they're certainly not, you know, a big vote in in the other direction.
Really does.
They're kind of neither here nor there on on the inflation uh um dynamics at these sorts of levels.
And I think, you know, you can see that in comments we got from uh RBA Deputy Governor Hauser yesterday
Yeah.
As well, you know, he was essentially just repeating similar messages to we heard from Governor Bullock after the August meeting that while the board concluded last week the policy is in the right place right now.
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