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NAB Morning Call
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The RBA's Discussion of the Minimum Wage in Australia
Two-year yields picked up quite a bit last week, didn't they? Up to 3.33%. So how much of that is related to the budget and concerns perhaps about inflation from too much government spending)? Tony Burke added to that over the weekend saying the minimum wage must stay in line with inflation. Could the market see that as a sign that inflation is going to rise and the RBA will have more to do? Or is that overstating the case a little bit? I mean, we're talking about the very low income earners, aren't we? So is it really going to be inflationary? Well, I think that it just tells us that, you know,
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