Free Trial

VIEW: ANZ: Wages Up 0.65% Q/Q; Supersized June Rate Hike Unlikely

RBA

ANZ note that “the Wage Price Index (WPI) came in below expectations in Q1 at a low 0.7% Q/Q (0.65%), the same rate as in Q421. This suggests the RBA is likely to hike the cash rate another 25bp in June, rather than a larger 40 or 50bp hike. But there are still important data to come, with the April labour market release tomorrow and average earnings per hour in the National Accounts on 1 June.”

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

To read the full story

Close

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.