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Australian data - Wage Price Index (Q4 2024 ) +0.7% q/q (expected +0.8%)

Australian data - Wage Price Index (Q4 2024 ) +0.7% q/q (expected +0.8%)

News
Eamonn Sheridan
19/02/2025 | 00:30 GMT
  • This data will contribute to keeping the RBA on hold for a few months after yesterday's rate cut - the Bank is in no rush to cut again soon.

Australian Wage Price Index for Q4 2024 :

+0.7% q/q, a miss but still solid growth

  • expected +0.8%, prior +0.8%

+3.2% y/y, in line but down from the growth rate in Q3

  • expected +3.2%, prior +3.5%
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