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Phillip Coorey

RBA governor is an inconvenient truth teller for Labor

With his tenure up in September, Philip Lowe left little doubt this week he would go down swinging.

One of the looser assertions that has gained traction over recent years is that the previous Coalition government ran a deliberate strategy of wage suppression.

The genesis of this claim is an interview then-finance minister Mathias Cormann gave to Sky News in March 2019 in which he stated a basic economic principle - wages adjust to economic conditions.

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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com

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    Original URL: https://www.afr.com/politics/federal/rba-governor-is-an-inconvenient-truth-teller-for-labor-20230608-p5deyk