HSBC's Bloxham Sees an RBA Rate Hike in Early 2018

The video discusses the Reserve Bank of Australia's (RBA) anticipated interest rate hike in early 2018, driven by improving economic conditions and stabilizing mining investments. It highlights the expected rise in wage growth due to increased corporate profitability and a stronger labor market. The RBA's unique approach to providing minimal forward guidance compared to other central banks is also examined.

What changes in the labor market are anticipated to affect wage growth?

In what way does the RBA differ from other central banks regarding forward guidance?