REA Group Economist Anne Flaherty says the RBA won’t know the wage growth in the first quarter of 2022 until mid-May.
Interest rate rise could be seen in June if RBA chooses to ‘wait’ for wage growth data
It comes after it was revealed earlier this week that the inflation rate had jumped to 5.1 per cent, putting increased pressure on the RBA to raise the interest rates. “If they choose to wait on that data, the earliest we would see a rate rise is June,” Ms Flaherty told Sky News Australia. “But again, it is possible that with unemployment so low, they may feel a little bit more confident to act now just based on that inflation figures.”
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