Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 183 results for "Wage growth"

ECB drops interest rates to 3.75%

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... inflation back down," the Governing Council said. The ECB warned, however, domestic price pressures remain stubborn. Wage growth also remains elevated. The bank predicts inflation will likely stay above target well into next year. It now forecasts headline ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... increase was the first in four years. The fact we'll now see an increase after three years reflects the strong wage growth we've seen so far this decade."

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... important in terms of the signalling impact they have on the rest of the market," she said. Despite the record high, real wage growth remains in negative territory. "Before the pandemic, we struggled to grow wages above 2%. At that time, inflation was ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... change jobs. "Surveys of workers and employers show a return to pre-pandemic levels of tightness, and indicators of wage growth show a gradual decline toward levels that would be consistent with 2% inflation over time," he said. Turning attention to ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... direction. "The past month brought further evidence that consumer spending is slowing, the jobs market is loosening, wage growth remains contained and that inflation has continued to fall," they said. "It would be fair to judge that, at this stage, the ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... said. "The Australian economy is softening dramatically, the pace of inflation has peaked and is moderating quickly, wage growth is not excessive and medium-term inflation expectations are not rising. In that context there should be no further interest ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... will achieve the much-vaunted soft landing," he said. In the UK, the tight labour market continues to keep nominal wage growth elevated. "Job vacancies, though declining, have remained historically elevated. Labour supply constraints, including those ...

Wage increases shouldn't equal rate hikes

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... Australian economy. In an interview with Sky News ahead of today's RBA meeting, Conroy dismissed speculation that wage growth should require a hike in rates. "Wages have been flatlining at about 2.5%, it's now 3.5%," he said. "Is any economist ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... influencing effect on other wages in the economy," he said. "All at a time when some states have removed their public sector wage growth caps, New South Wales and Victoria, and we've also seen a 15% rise in aged care wages. All of those things could ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... highly competitive rental market, and the expected rise in public sector salaries due to the elimination or increase of wage growth caps imposed by state governments. "These pressures add further fuel to the inflationary fire, boosting the case for further ...
PREVIOUS
NEXT