Sluggish wages growth confirm reality check on federal budget strategy for economic recovery

Australian wages growth picked up from record lows last quarter but was still nowhere close to the levels desired by the central bank, which has promised to not raise interest rates until inflation was sustainably within its target band. 

The official wage price index rose 0.6% in the three months to end December, the Australian Bureau of Statistics reported, slightly above forecasts for 0.5% increase.

Here's my analysts from The World Today