News Agency
The Times

Profits push up prices too, so why is the RBA governor only talking about wages?

  • Written by The Conversation

Reserve Bank of Australia governor Phillip Lowe has invoked memories of the 1970s, warning wage growth must be restrained to contain Australia’s surging inflation.

In the 1970s, Lowe said last week, “we got into trouble because wages growth responded mechanically to the higher inflation rate”. Now, with inflation above 5%, and...

Read more: Profits push up prices too, so why is the RBA governor only talking about wages?

More Articles ...

  1. Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia
  2. Why capping food prices won't work – and will actually make things worse
  3. World Trade Organization steps back from the brink of irrelevance – but it's not fixed yet
  4. Matariki falls during a quiet retail season – but businesses should be wary of cashing in
  5. The RBA's pre-COVID failure to cut interest rates faster may have cost as much as 270,000 jobs
  6. Timber shortages look set to delay home building into 2023. These 4 graphs show why
  7. Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling finds
  8. NSW's biggest coal mine to close in 2030. Now what about the workers?
  9. Australia isn't experiencing the great resignation yet, but there has been an uptick
  10. An extra 60,600 Australians found work in May. Here's why wages aren't moving much

Google Ads Agency Sydney: How to Generate More Qualified Leads With Paid Search

When someone searches Google for a service they need immediately, appearing at the right moment can be extremely valuable. Unlike many traditional marketing channels, paid search can place a business in front of people who are already researching a product... Read more

  • 1
  • 2
Prev Next
Writers Wanted



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion