Subscriber • Opinion

Wages growth boost would boost government's election hopes

Simon Cowan
By Simon Cowan
May 6 2022 - 8:00pm
Most Australian households should be able to comfortably handle an interest rate rise of 25 basis points. Picture: Shutterstock

This week, the Reserve Bank increased interest rates by 0.25 per cent. This comes in response to last week's ABS figures that showed first quarter inflation was above 5 per cent annualised, while underlying inflation was 3.7 per cent - well above the RBA's target band of 2 per cent to 3 per cent.

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Simon Cowan

Simon Cowan

Canberra Times columnist

Simon Cowan is research director at the Centre for Independent Studies and a regular columnist for The Canberra Times.