Glynn’s Take: RBA’s Anxiety About Wage Growth Drives Rate Hike
Wall Street Journal
A fundamental breakdown between the aims of wage policy and monetary policy in Australia is now threatening to drive interest rates up more than forecast, and there seems to be little government will to correct the situation.
https://www.wsj.com/articles/glynns-take-rbas-anxiety-about-wage-growth-drives-rate-hike-ab86daa0