Business
Wage earners lose out to asset owners with record low interest rates – ABC News
The Reserve Bank is throwing just about everything it has at boosting wages and inflation, but all it seems to be achieving are surging asset prices, further widening…
The Reserve Bank made an admission this week: its policies, so far, aren’t achieving their key targets.
“Despite the strong recovery in the economy and jobs, inflation and wage pressures are subdued,” RBA governor Philip Lowe noted in his Monetary Policy Decision statement on Tuesday.
What does “subdued” mean? Take your pick: depressed, soft or restrained.
In other words, broadly speaking, the prices of goods and services in the economy are barely budging, and very few Australians are enjoying fatter…
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