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MNI BRIEF: Aussie Q3 Wages Print At 0.8% Q/Q, 3.5% Y/Y

MNI (SYDNEY) - The Australian Wage Price Index for Q3 printed at 0.8% q/q, or 3.5% y/y, 10 basis points lower than expected, according to Australian Bureau of Statistics data published on Wednesday. 

The Reserve Bank of Australia in its most recent forecasts expects the WPI at 3.4% by Q4. (See MNI RBA WATCH: Governor Maintains Hawkish Language, Cash Rate)

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MNI (SYDNEY) - The Australian Wage Price Index for Q3 printed at 0.8% q/q, or 3.5% y/y, 10 basis points lower than expected, according to Australian Bureau of Statistics data published on Wednesday. 

The Reserve Bank of Australia in its most recent forecasts expects the WPI at 3.4% by Q4. (See MNI RBA WATCH: Governor Maintains Hawkish Language, Cash Rate)

Keep reading...Show less