RBA eyes up productivity and wages
Wednesday 17th May 2023
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It was a finely balanced decision by the RBA to lift rates at the last meeting, with the bank now saying they are focusing on productivity and wages. As JBWere\u2019s Sally Auld discusses today, they don\u2019t have to wait long for the next set of quarterly wages data out today \u2013 but the next productivity data comes a day after their next meeting. So, will they pause? We talk through a lot of data releases today, with the tone a little downbeat, pushing equities lower. And uncertainty grows about the debt ceiling, with the clock ticking and no sign of a resolution.
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