By Reuters Staff
3 Min Read
SYDNEY, Feb 16 (Reuters) - Australia’s central bank believes it will take a significant and sustained tightening in the labour market to lift inflation to more comfortable levels, a tough task that could take years to achieve.
FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo
Minutes of the Reserve Bank of Australia’s (RBA) February policy meeting released on Tuesday showed the Board recognised that wage growth had been too subdued for years before the pandemic imposed its own restraints on pay.
According to the minutes of the latest Reserve Bank of Australia meeting, the central bank believes it will take a significant and sustained tightening in
Stay tuned today for the minutes of the Reserve Bank of Australia February policy meeting:
Next week we get the Reserve Bank of New Zealand (February 24) Monetary Policy Statement and Media Conference. By Eamonn Sheridan
SYDNEY, Feb 16 (Reuters) - Australia's central bank believes it will take a significant and sustained tightening in the labour market to lift inflatio.
Extra $1 billion for aged care but budget still faces record debt and deficit
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Extra $1 billion for aged care but budget still faces record debt and deficit
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An extra $1 billion will be injected into the aged care system by the Morrison government as part of its mid-year budget update with high iron ore prices boosting revenue and spending pressures reduced as the economy bounces back from the coronavirus recession.
Prime Minister Scott Morrison and Health Minister Greg Hunt will on Wednesday reveal an extra 10,000 home care packages, at a cost of $850 million, to be funded as the government expands its response to the Aged Care Royal Commission.