Reserve bank of Australia shirks affordable housing responsibility
A recent ABC article reports that the RBA doesn’t see its monetary policy as a solution to increasing house prices.
The bastard banks
The Reserve Bank continues to launch an assault on the working class. The fallacy that interest rate rises are going to do anything other than...
RBA and ALP want workers to pay for the crisis
After decades of wage stagnation and increasing living costs, the Reserve Bank of Australia has told workers to tighten their belts and accept further real...
The 1959 act that brought the Reserve Bank of Australia into being, stated in its objectives that the bank will be committed to full employment,...
ACTU pushes for radical reforms ahead of jobs summit
The federal government is holding a Jobs and Skills Summit in early September this year to address the “shared economic challenges” faced by Australians. The...
The proposal by the Albanese government for an Indigenous Voice in parliament would be a body which makes representations to parliament on matters that affect...
As families struggle to put food on the table and keep up with rental and mortgage payments, profits are soaring. Inflation was running at six...
As temperatures climb, and heatwaves become more common, it’s worth remembering that unions achieve and enforce protection against heat. As a comrade in the Rail...
RBA: technically Insolvent, morally bankrupt
According to its website, the Reserve Bank of Australia (RBA) determines the policy of the Central Bank and undertakes the actions necessary to ensure that...
Banks laughing all the way
When the Reserve Bank of Australia (RBA) handed down yet another interest rate rise last week, it was crippling for ordinary working people, small business,...
The facts about wage rises and inflation
There has been no shortage of news headlines, big business and government warnings that a wages breakout will cause inflation: “Teachers’ rise a risk to...
“Wage-price spiral” myth
Reserve Bank of Australia (RBA) Governor Philip Lowe expressed concern that workers would get much higher pay rises in response to inflation, which he claims...
INTEREST RATE TIME BOMB
Two thirds of households face a hit as rising interest rates push up mortgage payments and drive up their rent. At the same time household...
Are YOU responsible for inflation?
Inflation! It’s bad, although we’re all up for a pay rise if anyone’s offering (they usually aren’t). Someone’s to blame, and it can’t be the...
Restore real wages
The Fair Work Commission’s (FWC) decision to award a 5.75 per cent wage rise for those on minimum award wage rates was higher than expected...
Interest rate burden on workers
The Reserve Bank of Australia (RBA) is navigating a “narrow path” which Government Philip Lowe says is “likely to be a bumpy one.” Bumpy it...