What a joke. Apart from occupying acres of newsprint and media comment, another 0.25% will not make any difference to borrowers and therefore consumers.
The only way to get wages moving is to undertake more structural reform. Apart from the GST we have to go back to Hawke/Keating for any meaningful attempt.
Leadership is failing us, particularly at the Corporate level. Focus on social issues is fine, but not at the cost of productivity.