RBA interest rate cuts dashed on US inflation, next move may be up afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
The sacking of star economist Chris Edmond has rocked the establishment. Academics are seeking answers from one of the country’s top universities, and the RBA.
Australian workers haven t had an annual real wage increase since Labor came to power 18 months ago. But this hasn t stopped them from accusing the Coalition of keeping wages low when it was in power.
Warwick McKibbin, a former Reserve Bank board member, predicts three more interest rate rises, arguing high immigration and government spending were fuelling excess demand .