How are inflation, interest rates and wages linked? - Sydney Morning Herald


5/6/2022 12:00:00 AM2 years 11 months ago
by Jessica Irvine

Interest rates have gone up. We now wait and see what effect this will have on wages and inflation.

The Reserve Bank has a target to keep inflation in a band of 2 to 3 per cent on average, over time. Its important for the decision-making of both households and businesses that they can have confiden… [+4557 chars]

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