RBA's Ellis: Wage growth could be slow to respond to tighter labour market

The Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis was out on the wires last minutes, speaking at a scheduled speech titled "On Lags" at the Australian National University, in Canberra. 

Key Headlines:

Australian wage growth could be slower to respond to a tightening labor market.

It could be a slower response than in the past.

This is based on the experiences of other developed economies.