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Economics

Wage increases to offset more rate hikes: Experts

The Fair Work Commission lifted Australia's minimum and award wages by 5.75% to alleviate incomes eroded by inflation, but experts say the Reserve Bank of Australia (RBA) won't be backing off anytime soon.

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Read more: Reserve Bank of AustraliaShane OliverFair Work Commission President Adam HatcherAccordAndrew McKellarPaul Bloxham