Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

RBA gives up on big pay rises

Article image for RBA gives up on big pay rises

The Reserve Bank has lowered its expectations of wages growth, dropping its forecast to a mere 2.3 per cent rise by the end of 2021.

The central bank is also concerned any more rate cuts could harm consumer sentiment.

Economist Paul Brennan tells Ross Greenwood there is no one answer to the slowing economy.

“A lot from here is going to hinge on whether the global economy does improve and that provides better support for our own economy.

“I don’t think there’s any easy, quick, magical way in which we can really bring the economy back to full speed.”

Click PLAY below to hear the full interview

Image: Getty/Peter Parks

Advertisement