Retail, wages and RBNZ
Wednesday 17th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Central banks continue to keep a close eye on wages data. The UK has just reported a drop in wages growth, alongside a fall in new jobs. We\u2019ll see Australia\u2019s wage growth numbers later today, which NAB\u2019s Rodrigo Catril says shouldn\u2019t be a big rise this quarter, but expect more in Q3 and Q4. Also today, the state of US retail, Canada\u2019s rising inflation (despite all the front-loading of interest rates) and what to expect from the RBNZ. A busy day.
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