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RBA unemployment warning: Is Australia blaming wages for inflation?
Australia’s chief economist hints at higher unemployment for inflation control as wage data challenges current economic assumptions.
RBA economist suggests higher unemployment for inflation control as new data questions wage impact on rising prices
The Reserve Bank’s chief economist has suggested Australia may need higher unemployment to bring inflation under control, but new data raises questions about whether wages are really driving rising prices.
Matt Grudnoff from the Australia Institute joins Ticker to unpack what is really fuelling inflation, whether interest rates are helping or hurting Australians, and why some economists believe the current approach could be based on flawed assumptions.
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