SYDNEY, Feb 16 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday he would like to see annual wage growth of around 3.5 percent.
Australia has seen a surge in jobs since the beginning of last year but wage growth is crawling near its slowest pace on record at 2.0 percent.
That is putting downward pressure on consumer spending and inflation, forcing the RBA to keep interest rates at record lows. Lowe was speaking before a parliamentary economics committee.
(Reporting by Swati Pandey; Editing by Eric Meijer)
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