Inflation Fight Hits Home as RBA Staff Threaten Strike Over Pay
- Staff rejects revised pay deal; finance union threatens strike
- Dispute is test of new Governor Michele Bullock’s leadership
The Reserve Bank of Australia building in Sydney.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Inflation is proving so sticky in Australia that the institution responsible for taming prices is itself facing the threat of strike action by staff demanding fatter pay checks.
Reserve Bank Governor Michele Bullock told a senate panel on Thursday that she doesn’t know “if the job is done yet” on containing prices. A day earlier, the Finance Sector Union dismissed the RBA’s latest pay offer, saying it would leave staff “in financial hardship for years to come” and it’s up to the governor to demonstrate she values bank employees.