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