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1.Market Observations, 8.Was Sticky

3 May 2017 (TheAge) – ANZ Bank’s Shayne Elliott sounds warning on low wage growth

(3 May 2017, The Age, BusinessDay, p23, Clacny Yeates)

‘The pace of wage growth is so meagre it is likely to curb future growth across the banking industry, as regulators act to prevent a further blowout in household indebtedness, ANZ Bank has warned. ANZ’s chief executive Shayne Elliott on Tuesday warned soft wage growth was an important economic risk on the horizon, as the lender delivered a $3.4 billion interim profit that left investors underwhelmed.’

Read more at TheAge.com.au

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