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


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.



JobKeeper saved "at least" 700,000 jobs: RBA

The JobKeeper program kept "at least" 700,000 workers from joining the ranks of the unemployed in its initial months, according to a new RBA report.

"Certain risks" if JobKeeper ends too early: RBA

The Labor Opposition has seized on a warning by Reserve Bank Governor Philip Lowe that the JobKeeper wage subsidy should not be phased out too soon, insisting it identifies the dangers of the government's "snap back" strategy.

Super rise to suppress headline wage growth: RBA

Workers' wages will continue to grow at about 2.2%, similar to the current WPI, partly because the forthcoming 0.5 percentage point rise in compulsory super payments will be mostly funded by forgone pay rises, according to the RBA.

Wages to continue to flatline: RBA

The RBA has projected that the current pattern of "unusually" slow wage growth will likely continue until at least 2021, Governor Philip Lowe reminding a parliamentary committee that any pick-up was "both affordable and desirable".