Wages growth boost would boost government's election hopes

Simon Cowan
May 7 2022 - 6:00am
Most Australian households should be able to comfortably handle an interest rate rise of 25 basis points. Picture: Shutterstock
Most Australian households should be able to comfortably handle an interest rate rise of 25 basis points. Picture: Shutterstock

This week, the Reserve Bank increased interest rates by 0.25 per cent. This comes in response to last week's ABS figures that showed first quarter inflation was above 5 per cent annualised, while underlying inflation was 3.7 per cent - well above the RBA's target band of 2 per cent to 3 per cent.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options
Simon Cowan

Simon Cowan

Canberra Times columnist

Simon Cowan is research director at the Centre for Independent Studies and a regular columnist for The Canberra Times.

Get the latest Bendigo news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.