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MNI POLICY: Australia MI Survey Shows.....>

AUSTRALIA
AUSTRALIA: MNI POLICY: Australia MI Survey Shows Rise In Q3 Wage Growth
- Annual wage growth in the third quarter accelerated at the fastest rate in two
years, supporting expectations of a rise in household income and thus their
consumption, and boding well for the Reserve Bank of Australia's guidance for
the next move in the cash rate to be up. Wage expectations for the year ahead,
however, decelerated and suggest downside risks to the RBA outlook remain, but
this could change as expectations is not necessarily a true indicator of actual
outcome.
- For full story see MNI Main Wire at 02:00 BST 09/13, or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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