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Australia’s wage growth slows down

25/12/24
Sky News Australia
Dans Asie / Australie

Relief for mortgage holders could come sooner than expected as the Reserve Bank signals the potential for an interest rate cut in February. The RBA has confirmed wages and growth data is softer than expected. The new data has revealed Australia’s labour supply may be larger than previously thought. Weakness in productivity growth in the past is believed to have resulted in the slowdown.

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