WebRecent low wage growth in Australia appears to be only partly explained by spare capacity in the labour market, the decline in inflation outcomes and the decline in the terms of trade … WebFeb 22, 2024 · But comparatively tepid rates of public sector wages growth meant salaries increased by a more modest 3.3 per cent overall, on the back of a 0.8 per cent lift in the …
Will Australian unemployment impact RBA interest rate rises?
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Web2 days ago · He admitted Australia’s economic growth forecast – slated at 1.5 per cent for the next financial year – would be slashed in next month’s federal budget. Treasurer Jim Chalmers said it was ... WebYesterday, RBA Deputy Governor Michele Bullock participated in a panel discussion on RBA monetary policy over recent years, acknowledging that the RBA might have “muddied” their communication, most notably by being “over-fixated on wages.” She assessed that monetary conditions in Australia have not tightened amid the recent banking crisis. WebJul 8, 2024 · Since then, a lot has happened: one global pandemic and the biggest peacetime economic contraction in our lifetimes; and not only did the RBA cut the cash rate, though we cut it as far as wealth reasonably could and the RBA's balance sheet has virtually tripled to across $500 billion. So a lot has changed since we last met. small sheds with windows 10x10