Modest wage growth offers hope of interest rate reprieve
New wages data shows Australian pay packets are swelling at a slower pace than the RBA and others expected, offering a sliver of hope that further interest rate hikes may be delayed or reduced.
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Lower than expected wage growth in Australia for the latest quarter has offered a glimmer of hope to borrowers that further interest rate rises may be delayed.
After a record run of nine consecutive monthly rate hikes by the Reserve Bank of Australia, financially stretched mortgagees were bracing for even more hits to the monthly household budget in the form of higher loan repayments.
Inflation at an uncomfortable 7.8 per cent have forced the h…
