Tag: RBA
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White-knuckle look ahead to Tuesday’s newest RBA rate of interest choice
One other shut rate of interest name is looming for the Reserve Financial institution amid persistent inflation and stagnant productiveness progress. The RBA board is as a consequence of meet on Tuesday afternoon for the June money price name after lifting rates of interest 11 occasions since Could final yr in a bid to stamp down rising…
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Michael Pascoe: No, the wage case shouldn’t panic the RBA
Few issues are extra predictable than the standard enterprise foyer suspects warning that life as we all know it’ll finish if wages aren’t suppressed. Ditto the response when the Truthful Work Fee (FWC) delivers a much bigger wage rise than the final one – although it’s not by a lot. Typical was the Australian Monetary…
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Alan Kohler: Why the RBA thinks if there should be a recession, there shall be a recession
Reserve Financial institution governor Philip Lowe advised the Senate Economics Committee on Wednesday that we will’t have actual wages development with out productiveness development. The implication of what he mentioned is that except productiveness improves quick, there should be a recession to deliver wages and inflation down, which was given extra drive by Wednesday’s improve…
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Inflation nonetheless sizzling as RBA feedback on dangers and hire
Dwell RBA governor Philip Lowe has outlined quite a lot of dangers to the central financial institution’s activity of returning inflation to focus on because the month-to-month shopper value index is available in at a hotter-than-expected 6.8 per cent. Headline inflation lifted from 6.3 per cent within the yr to March to six.8 per cent…
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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…