Super guarantee could still slow wages: RBA

Matthew Cranston and John Kehoe

Nov 26, 2019 – 12.01am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

An increase in compulsory superannuation could slow wage growth the Reserve Bank of Australia has warned, providing support to claims from the Grattan Institute that middle-income earners will be worse off under the scheduled rise.

Ahead of RBA deputy governor Guy Debelle delivering a speech entitled "Employment and Wages" at the annual Australian Council of Social Service National Conference in Canberra, the central bank said in its Statement on Monetary Policy that higher superannuation could affect wages.

Matthew Cranston was The Australian Financial Review’s United States correspondent.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.