Category: Philip Lowe
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Ache at petrol pump drives shock soar in inflation
Reside Greater petrol costs have pushed a shock soar in month-to-month inflation, as RBA governor Philip Lowe flagged extra ache for tens of millions of Australians from spiralling rents. Dr Lowe outlined dangers to the central financial institution’s job of returning inflation to focus on because the month-to-month shopper value index got here in at…
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‘Destroys belief’: Philip Lowe reveals RBA employed embattled PwC over employees underpayment scandal
Reserve Financial institution boss Philip Lowe has confirmed the central financial institution has underpaid employees, revealing embattled consultancy PwC was employed to assist repair the issue. Showing at Senate estimates on Wednesday, Dr Lowe stated errors in paying entitlements led to an unspecified variety of RBA workers being underpaid as a lot as a number…