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AAP

Business

Jacob Shteyman

Money still on rate cut despite surprise spike in wages

The wages data is not expected to play a role in the central bank's upcoming rates decision. (Dave Hunt/AAP PHOTOS)

Economists still expect the Reserve Bank to cut interest rates at its next board meeting despite a surprise spike in wage growth.

Wages rose by a higher-than-expected 3.4 per cent over the year to March, Australian Bureau of Statistics figures showed on Wednesday, driven by new public sector pay deals and care workers benefiting from a Fair Work Commission ruling.

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Iranian fishermen hunt for iPhones and perfumes after cargo ship sinks in Hormuz

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Revealed: French police used UK-funded 4x4 vehicles to charge student protesters

Revealed: French police used UK-funded 4x4 vehicles to charge student protesters

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Iranian fishermen hunt for iPhones and perfumes after cargo ship sinks in Hormuz

Iranian fishermen hunt for iPhones and perfumes after cargo ship sinks in Hormuz

The Singapore-flagged GFS Pride went down after a fire broke out on board, Singapore said. All 21 crew members were evacuated safely. The vessel was carrying more than 2,500 containers when it sank, according to Iran's Islamic Revolutionary Guard Corps (IRGC) navy, which claimed the ship had entered an “unauthorised…

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Federal Officials Pledge Pennsylvania a Measles Disease Detective and Nearly $4 Million as Cases Reach 1,222

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TSA quietly reverses benefit for travelers at some US airports just weeks after it was announced

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

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Revealed: French police used UK-funded 4x4 vehicles to charge student protesters

Revealed: French police used UK-funded 4x4 vehicles to charge student protesters

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Police clash with protesters as tens of thousands take to streets across France

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