Focus will now shift to September quarter wage price tag index figures due for launch via the Australian Bureau of Studies on 15 November. A pointy pickup in wages may prompt pundits to forecast a back again-to-back again level increase when the RBA up coming satisfies on five December.
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The RBA’s check out is the fact that “[w]hile the central forecast is for CPI inflation to continue to say no, development seems to generally be slower than previously expected,” Bullock stated.
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