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The New Daily

Matthew Elmas

‘Highly probable’: RBA tipped to hike interest rates in June after wage data

RBA Interest Rates Callam Pickering Belinda Allen Sean Langcake Inflation

10 News First – Disclaimer

Australians should get ready for another interest rate hike in June, after economists predicted the growth in wages in the March quarter will prompt the Reserve Bank to act.

The Australian Bureau of Statistics (ABS) on Wednesday revealed wages grew 3.7 per cent annually – the fastest rate since September 2012 – amid a strong jobs market.

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One subscription that gives you access to news from hundreds of sites

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