Business
RBA governor defends call for jobseeker rise as ‘relevant’ to his mandate – The Guardian
Philip Lowe rejects criticism from Liberal Tim Wilson, saying payment ‘affects labour supply and spending in the economy’
Reserve Bank of AustraliaPhilip Lowe rejects criticism from Liberal Tim Wilson, saying payment affects labour supply and spending in the economy
Australias unemployment payment affects labour supply and spending in the economy, the Reserve Bank governor has argued, in defence of his comments the rate should be permanently raised.
Dr Philip Lowe was well prepared to defend his public comment that the jobseeker rate should be permanently raised above its pre-pandemic level of $40 a day, after he…
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