The rejection, which would have given top economists at $14,000 raise, creates an uncomfortable situation for Michele Bullock as she calls for wage restraint.
Reserve Bank staff have rejected a proposed 10.5 per cent pay rise that unions slammed as inadequate, creating an uncomfortable situation for Michele Bullock as she calls for wage restraint across the economy.in a ballot that closed on Wednesday, with 57 per cent of employees voting no.
“As I have said, I think that the bank’s offer is fair and reasonable,” Ms Bullock said in an internal email obtained by the“It means that pay at the RBA is increasing at the same rate as it is across the broader community. I therefore hope this proposal gets your support.” “We consider the offer was fair and reasonable for our employees. The bank is currently considering the results and will resume bargaining in due course,” the spokeswoman said.
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