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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The SEEK advertised salary index for December showed a further rise in wages growth. Advertised salaries rose 0.3% m/m after 0.5% in November bringing the annual rate to 4.7% from 4.5%. It rose 1.2% q/q in Q4 in line with Q3 which saw a 5.2% increase in the national minimum wage. This data shows that the tight labour market and rising cost of living are putting upward pressure on wages, which the RBA will be monitoring closely. The official WPI series is published on February 22 and is likely to be followed by a further 25bp rate hike at the March RBA meeting.
SEEK Advertised Salaries % - running ahead of pre-Covid rates
Source: MNI - Market News/SEEK
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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