NAB on today's Australian wage data

For the RBA, they will likely want to see initial evidence of wages growth lifting before they are confident that wages and inflation growth will lift pickup as the labour market tightens. The timing of such a pickup is uncertain and the experience of the US will be instructive given the US is already at full employment, but wages growth has yet to lift in a significant way.

15 Nov 2017 - 04:35- Data- Source: NAB

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