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MNI China Daily Summary: Wednesday, September 13

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February 20, 2019 02:47 GMT

NAB writes "wages posted..................>

Anthony Barton

AUSTRALIA

- Bonds & Currency News | Market News" >

AUSTRALIA: NAB writes "wages posted weaker-than-expected growth in Q4 of 0.5%,

with annual growth unchanged at 2.3%. The result was a slight disappointment for

the RBA, which had forecast annual growth of 2.4%. Wage growth has picked up,

with survey data and anecdotal evidence pointing to a further improvement,

consistent with our modelling that shows a reduced drag on wages from labour

market slack. The issue for the RBA, though, is that the improvement in wages is

likely too slow to dispel its ongoing concern over the outlook for consumer

spending."

- Bonds & Currency News | Market News" >

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

Markets Fixed Income News Foreign Exchange News

Anthony Barton

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

Markets Fixed Income News Foreign Exchange News

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