The RBA governor, Philip Lowe, drew a sharp response from Labor after warning of the impact of rising wages on inflation.
Lowe said it was “best [to] avoid” pushing wages up to compensate for inflation, prompting these comments from Labor minister Bill Shorten: “Why is it that the experts who complain about people on less than $100,000 a year getting wage rises – they’re not the ones who are under $100,000 a year.”