Summary: December quarter wages grow by 0.7%, in line with expectations; annual growth rate ticks up from 2.2% to 2.3%; consistent with ongoing gradual acceleration; WPI including bonuses increases annual pace from 2.2% to 3.0%; strongest quarterly result since 2014 but annualised result “well below” 3%; private sector wages up 2.4% over year, public sector up 2.1%; ABS underutilisation rate implies higher wage growth coming. After unemployment increased and wage...