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AAP
AAP
Politics
Poppy Johnston

Wages, job data in focus for clues on economy, rates

The latest wage price index is tipped to show a moderation in pay packets in 2023/24. (David Mariuz/AAP PHOTOS)

Fresh wages growth and job market numbers due this week will inform the outlook for the economy and interest rates, amid expectations monetary policy will remain on hold until at least early 2025.

After the Reserve Bank of Australia hosed down the chance of a near-term interest rate cut at its August meeting, attention is turning to any new data that might confirm the economy is tracking in line with the central bank's expectations.

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