More from RBA's Debelle: Employment market is positive, but not much wage improvement

Reserve Bank of Australia Deputy Governor Guy Debelle speaking, the Q&A now

• climate change is an existential risk, is having macro impacts
• some risk of divestment announcements around cop26
• australia's circumstances are different from countries where policy is tightening
• while employment market is positive, not much improvement on wage front
• very few workers getting pay rises above 2% in Australia
• not seeing much impact on prices from supply constraints as yet

Headlines via Reuters, bolding mine

The RBA wants to see wage growth to spur inflation and thence tightening. So far wage growth has been elusive.

Earlier remarks:

• RBA Dep Gov Debelle says climate change is a first-order risk for the financial system