Original article by Mark Mulligan
The Australian Financial Review – Page: 10 : 19-May-16

Data from the Australian Bureau of Statistics shows that wages grew by just 0.4 per cent in the March 2016 quarter, and 2.1 per cent in the last year. Economists had forecast wages growth of 0.5 per cent and 2.2 per cent respectively. David Bassanese of BetaShares says the low wages growth contributed to the Reserve Bank’s decision to reduce the cash rate in May, adding that further easing of monetary policy is likely.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, BETASHARES CAPITAL LIMITED, RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB