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Econosights – wages breakout

Australia’s labour market has held up better than expected, despite the biggest interest rate hiking cycle since the late 1980s. Recently released data on newly lodged Enterprise Bargaining Agreements are showing a spike in wages growth which are increasing concerns that a wages breakout will threaten the inflation outlook.

FinancialPartners 16/10/2023 13/10/2023 Blog / E - Economics / E - ESG Wrap (Econosights) / E - Insights Papers / E - Market Update / E - Oliver's Insights / FP - Financial Planning better / biggest / breakout / despite / Econosights / Econosights - wages breakout / expected / held / Interest / Introduction Australia’s / labour / Market / than / wages

Key highlights from the RBA’s April board meeting | AMP Capital

Key highlights from the RBA’s April board meeting Today the Reserve Bank of Australia (RBA) held its regular board meeting, albeit in extraordinary times for Australia and indeed the world. What we saw today from the RBA was no monetary policy changes, for the simple reason that less than three weeks ago, they made some radical changes in response to the COVID-19 pandemic. The RBA instead reaffirmed its recent actions – cutting the cash rate …