Mounting wages growth add to pressure on RBA

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There is plenty of speculation around when the Reserve Bank (RBA) will hike the cash rate. Wages growth is a key piece in the monetary policy puzzle and is being watched closely by economists and the RBA alike.

Yesterday we received an update on wages growth for the December quarter, which showed wages pressures continued to build and reinforced our expectation that the RBA will kick off the hiking cycle in August.

Economic Insights - 24 February 2022

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Most income streams are sourced from account based pensions and insurance companies (annuities) with the same and concessional tax structure for both.
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