Real wages in Australia continue to plunge but the RBA still falsely claims that wage pressure justifies interest rate hikes

Created
Wed, 22/02/2023 - 16:10
Updated
Wed, 22/02/2023 - 16:10
The RBA governor has consistently sought refuge in claims that wage pressures in Australia are building and justify the central bank rate hikes – 9 consecutive increases since May 2022. The RBA has chosen to seriously mislead the Australian public on this issue and when confronted with publicly-available data that justifies that conclusion they claim…