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AAP
AAP
Business
Jacob Shteyman

Wages slowdown boosts case for more rate cuts

Reserve Bank Michele Bullock Inflation RBA Unemployment
Wages growth continues to decelerate, easing concerns that higher pay is contributing to inflation. (Dan Peled/AAP PHOTOS)

It won't be welcomed by workers, but softening wages growth is good news for borrowers hoping for more Reserve Bank interest rate cuts.

Wages growth grew at 3.2 per cent in 2024, down from 3.6 per cent annually the previous quarter, the Australian Bureau of Statistics reported on Wednesday.

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