Q4 2022 Australian wages data due
- 11:30 am Sydney time
- 0030 Greenwich Mean Time
- 7:30 PM ET
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This snapshot from the ForexLive economic data calendar, visit here.
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The time in the leftmost column is in GMT.
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The numbers in the far right column are the “previous” (possibly the previous month/quarter) results. The number in the next column is the median expected consensus.
The 3.1% y/y increase in Q3 2022 was the fastest since early 2013, and private sector wages rose the fastest since 2010. cash rate. Its very negative:
Analysts worry that the RBA’s rate hike is slowing house prices and consumption. The problem is that these are features of the hiking cycle, not bugs. The Reserve Bank of Australia has relied on false forecasts, thereby prolonging the pain and falling behind in its response to surging inflation. President Lowe’s recent comments suggest that the existing powers of the World Bank are finally embracing the need to do more. Incorporates March 7 rates.