‘Extremely aggressive’: ACTU withholding inflation data leaves RBA with ‘blind spot’

EQ Economics managing director Warren Hogan said the ACTU withholding inflation expectation data creates a “blind spot” for the central bank. “What the unions are trying to do is entirely in their own interests … and that is to have high inflation expectations to support high wage claims at the industrial level or industrial disputes for that matter,” Mr Hogan told News24. “But they don't want to be seen as having those high inflation expectations as a reason for the RBA to put up interest rates. “The one thing that this leadership of the ACTU has been is extremely aggressive in the way they've campaigned against rate hikes at any point in time.”