Following the release of Australia's weak March quarter wage price index on Wednesday, revealing wage growth over the year was stagnant at just 2.1%, Bloxham has made a decision to push back the expected timing of the first RBA rate hike since late 2010 to the June quarter of 2019, later than his prior forecast for the December quarter this year.
"How much longer is wages growth going to remain at its current low rates?"
The jobless rate has ticked up to 5.6 per cent as more people seek employment, encouraged by last year's record jobs growth.
The jobless rate is at its highest level since July previous year.
Bloxham, like other forecasters who have been forced to push back their rate hike calls, says there remains a great deal of uncertainty as to what exactly is leading to low wage growth in Australia.
The figures will again frustrate the Reserve Bank which has previously said it was hard to see inflation moving into the middle of its 2-to-3 per cent target band if wages continue to grow at just 2 per cent.
The central bank last cut rates to a historical low of 1.5 percent in August 2016, notching up the longest period without a change in modern history.
Wages growth has troughed and there are some tentative signs of pressure emerging, but there is a risk it may take a lower unemployment rate than now expected to generate a sustained move higher, the Reserve Bank of Australia says.
Policymakers have repeatedly emphasised an acceleration in wages would be necessary to revive inflation, calling for workers to demand higher pay hikes.
With inflation running at 1.9 per cent, that means in real terms most workers have not seen any growth in their wages over the past year.
The last time wages grew as fast as 3.5 percent was in the third quarter of 2012.
Annual wage growth climbed 2.1 per cent, in-line with forecasts, but only just above the all-time trough of 1.9 per cent and barely ahead of consumer price inflation. The strongest growth rates were in healthcare and education, with mining wages up just 1.4 percent.
A Sydney businessman walks into the light outside the Reserve Bank of Australia (RBA), February 3, 2015.
The RBA declined comment on the pay talks.