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42 articles are classified in All Articles > Institutions, tribunals, courts > Reserve Bank


Wage-price spiral risk "quite low": RBA report

The risk of Australia experiencing a wage-price spiral is "quite low" thanks in part to the diminished "pricing power" of workers and the central bank's focus on inflation targets, a new RBA report asserts.

Inflation to remain high; labour costs to be main driver: RBA

The RBA is expecting the near-8% year-end headline inflation spike to only ease to 6.25% in the middle of next year, while it is turning its guns on the ABS wage price index, which it perceives as too narrow.

RBA hasn't understood wages "for a long time": Kelty

Former ACTU secretary and RBA director Bill Kelty has thrown his weight behind appointing someone with a union background to the Reserve Bank board, saying in the wake of claims about its limited perspectives that the central bank has not understood how wages operate "for a long time".

Rising job mobility allied with higher wages: RBA paper

A new RBA report says that greater job mobility tends to be associated with higher individual and aggregate wages and makes it clear the "great resignation" is a distinctly American and British phenomenon.


Tighter labour market not generating wider pay pressures: RBA

The RBA's board has rejected suggestions that recent wage pressures flowing from the unexpectedly rapid economic recovery, sub-5% unemployment and closed borders is leading to more generalised pay rises in the short term, while the bank's intelligence-gathering indicates employers are not planning catch-up increases for workers subjected to wage freezes.

Vines put forward to lead ILO; & more

Morrison Government nominates Vines to lead ILO; FWO to keep targeting big end of town's underpayments; Sustained border closure could drive up wages, says RBA.


Cost-containment hampering wages growth: RBA

Reserve Bank Governor Philip Lowe has today added a new reason to his long list of why employers are not lifting wages - the "laser-like focus on costs" that has become the "predominant mindset" of many businesses.