The Guardian Australia – Business
·business
·4 hours ago
RBA Governor Bullock warns rising unemployment needed for economic growth strategy
Reserve Bank of Australia Governor Michele Bullock stated on Tuesday that unemployment may need to rise as the nation's economy is projected to grow at only 2% annually. Bullock emphasized that interest rate increases are aimed at limiting wage bargaining power rather than curbing inflation. This assessment highlights concerns over the RBA's focus on corporate interests over workers' wellbeing.
Summary by OZbrief · The Guardian Australia – Business
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