Friday, 26 May, 2023
AFR – RBA governor warns Labor over wages
RBA governor warns Labor over wages Phillip Coorey, May 26, 2023 – 6.00pm https://www.afr.com/politics/federal/rba-governor-warns-labor-over-wages-20230525-p5dbei Reserve Bank of Australia governor Philip Lowe has warned federal Labor MPs that generous wage rises they were backing would make inflation worse unless they were accompanied by increases in productivity, in what sources said was a series of tense exchanges this week. As Labor and the unions back wage rises, in some cases linked to the current headline inflation rate […] Read More
