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


5/6/2022 12:00:00 AM3 years 9 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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