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Australian wages rose at their slowest pace in a year in the June quarter, confirming the peak for this cycle had passed and wages alone would not be a bar to cut interest rates.
Figures from the Australian Bureau of Statistics on Tuesday showed its wage price index rose 0.8% in the June quarter, under market forecasts for a 0.9% rise.
Annual pay growth held at 4.1%, as past growth was revised up slightly. Growth in the private sector rose 0.7% in the quarter.
Source: Reuters.com
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