Inflation Rate Australia 2024 Vs Wage Growth. Seasonally adjusted, wages rose 0.8% in the june quarter, and 4.1% over the year. At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent.

Tactically, we have now turned neutral on the sek. The gross domestic product (gdp) in australia expanded 0.10 percent in the first quarter of 2024 over the previous quarter.