The week ahead will see the wage data coming out from Australia.

The reports come following the recent RBA monetary policy meeting.

The central bank had left interest rates unchanged and signaled that rates will remain low in order to support the economy.

The central bank signaled concerns about the slow pace of wages in the economy which could keep inflation subdued.

The monthly unemployment data will play a key role in shaping the RBA’s forward guidance and could also potentially influence the market expectations on the RBA’s rate hike plans.

The week ahead will see two important reports, namely the quarterly wage price index data and the monthly labor market report.

Australia’s unemployment rate was seen averaging around 5.5% in the past few months.

The labor market report continues to remain a volatile indicator with last month’s data showing strong revisions to the previous months.

The wage growth report will of course stand out as investors assess for any signals of building momentum on the pace of wages in the region.

A better than expected increase in wage growth could potentially be a positive for the policy makers at the RBA.