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MNI BRIEF: RBA Sees Wages Growth Faster Than Inflation By 2023

MNI (Sydney)
SYDNEY (MNI)

Recent RBA liaison reach to businesses found wage growth accelerating.

The Reserve Bank of Australia has forecast that wages growth will outpace inflation by December 2023 as Australia’s unemployment rate falls to a forecasted fifty year low of 3.6%.

The RBA’s latest Statement on Monetary Policy, released on Friday, forecasts that by June 2023 wages will rise by 3.5% against a forecast CPI of 3.1% and underlying inflation also at 3.1%, See: MNI INTERVIEW: RBA's Harper Says Wages Need 4% Growth.

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The Reserve Bank of Australia has forecast that wages growth will outpace inflation by December 2023 as Australia’s unemployment rate falls to a forecasted fifty year low of 3.6%.

The RBA’s latest Statement on Monetary Policy, released on Friday, forecasts that by June 2023 wages will rise by 3.5% against a forecast CPI of 3.1% and underlying inflation also at 3.1%, See: MNI INTERVIEW: RBA's Harper Says Wages Need 4% Growth.

Keep reading...Show less