Business
Reserve bank governor warns against lowering jobseeker payment – The Guardian
Philip Lowe releases revised projections showing 3.5% growth this year and a drop in unemployment to 6%
Cutting the jobseeker rate back to $40 a day would create a fairness issue, the Australian Reserve Bank governor has said, while advocating for a permanent increase in unemployment benefits.
Philip Lowe made the comments at the National Press Club on Wednesday, while revealing that Australias economy was expected to recover to its pre-pandemic size by the middle of this year.
According to the RBA, faster than expected recovery during the Covid-19 recession was expected to translate to growth of…
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