RBA's super-sized rate rise comes with a wage warning - The Australian Financial Review

The shock and awe of the first 0.5 of a percentage point interest rate rise in 22 years is a signal that the RBA is nervous about the Albanese government, unions and workers demanding that wages must keep pace with inflation.

Incredibly, the money market is pricing in a 3 per cent cash rate by December. Inflation is tipped to rise above the 6 per cent forecast only a month ago, probably to about 7 per cent due to a furth… [+3225 chars]

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