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1.Market Observations, 8.Was Sticky

26 Feb 2015 (TheAge, SMH) – Growth in wages at record low – Interest rate cut chances increase as wage growth stagnates

(26 Feb 2015, The Age, p10, Mark Mulligan)

‘Wage growth has dropped to its lowest level since the current data series began in 1997, adding to chances that the Reserve Bank of Australia will cut interest rates again. The Australian Bureau of Statistics said on Wednesday the wage price index for the fourth quarter last year grew at 0.6 per cent, the same as in the September and June quarters, leaving the annual rate at 2.5 per cent. This is the lowest annual rate in 17 years.’

Read more at SMH.com.au

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