SYDNEY, Sept 20 (Reuters) - There is still plenty of spare capacity in Australia's labour market which will likely keep wage growth slow and inflation restrained for some time yet, a top central bank official said on Wednesday.
Answering questions after a speech on the global outlook, the Reserve Bank of Australia's (RBA) head of economics Luci Ellis said the bank was comfortable with the outlook for inflation and how long it might take to get back to target.
The RBA has forecast underlying inflation, currently around 1.8 percent, will reach the floor of its 2 to 3 percent target by next year.