Happy hump day! A few eyebrows might be raised upon hearing the Reserve Bank governor’s comments about Australians struggling with rising interest rates and cost-of-living pressures: if they can work more hours and cut spending, they may get “back into a positive cash flow position”.
Philip Lowe also warned against the idea that all workers should be compensated for inflation, saying “we have to make sure that higher inflation doesn’t translate into higher wages for everybody”.
