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Wages up before rates, says RBA

Despite increasing speculation, the Reserve Bank (RBA) is continuing its ‘wait and see’ stance, making no change to interest rates this month.

Despite an apparently-strong jobs market and growing inflation – both factors that the bank board has been noting as its markers – Governor Philip Lowe said that wages’ growth – another marker – has failed to rise sustainably, adding that it is ‘only around the relatively low rates prevailing before the pandemic’. So we can continue to expect no change ‘over coming months’, he concluded.

About Adam Nobel

Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA

adam@hugoalexander.com.au

0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 20 years experience in property investment, and 14 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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