Prime Minister Anthony Albanese has had an impressive start to the top job, according to readers of The Australian Financial Review, with some describing his first few weeks in office as refreshing.
t, the largest increase in 22 years, and indicated inflation would peak higher than the 6 per cent forecast in May.“With regard to controlling inflation, Australians must be encouraged to understand it’s time to ‘tighten our belts’ – a huge responsibility for our new prime minister and treasurer,” wrote one reader.
Another reader said rates had been left “too low for far too long” while others said the RBA’s decision to keep rates low for so long had “put a rocket under property prices”.Readers appeared unimpressed with the RBA’s handling of monetary policy over the past 12 to 18 months, with nearly three-quarters scoring it average or below average compared to 27 per cent who ranked it as well or very well.
“The current RBA is not fit for purpose. Rate rises should have started pre-Christmas,” said one reader.
Half of readers said a 5.1 per cent pay rise should be restricted to low-paid workers, while nearly a quarter back a 5.5 minimum wage rise as requested by the Australian Council of Trade Unions. Just 15 per cent of readers said the increase to the minimum wage should be delayed like employers want.is Work & Careers reporter with The Australian Financial Review. She was previously a homepage editor and online producer.
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