Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Why the increase to the minimum wage may mean higher than expected interest rates

OTM - Generic (Getty).jpg

Source: SBS News

SBS On the Money
View Podcast Series
Download the SBS Audio appAvailable on iOS and Android

The Fair Work Commission has approved a 5.75% rise to the minimum wage, but some economists fear that combined with stronger than expected inflation, flat productivity and accelerating home prices, it will force the Reserve Bank to lift official interest rates more than first thought. SBS Finance Editor Ricardo Gonçalves speaks with Jarden Group Chief Economist Carlos Cacho for his take, plus Tony Sycamore from IG Markets explains the impact on the sharemarket.

Listen to Australian and world news, and follow trending topics with SBS News Podcasts.

Share

Latest podcast episodes

OTM - AI (Getty).jpg
People walk past the ASX building in Martin Place, Sydney.
OTM - Generic 1 (Getty).jpg
OTM - Petrol prices (Getty).jpg

Recommended for you

A composite image shows mostly empty grocery store refrigerator shelves with a customer notice stating that increased demand has caused supply shortages for some yoghurt products.
An illustration of an older woman holding a large coin, standing next to an older man, who rests his hand on another oversized coin positioned atop a stack of coins. The couple stands in front of a backdrop of residential buildings
A person's arm reaches toward a row of four fuel pump nozzles labeled E10, 95, 98, and Diesel at a gas station.
Several travellers are seen milling about in an dimly lit airport terminal.
A grey-haired man gestures with his hand. With two canadian flags blurry in the background.
Ultrasound scanning of intestines, abdominal cavity, right lobe, liver, bile ducts, gallbladder.
A composite image divided into two main sections. On the left, a cutout of Donald Trump and Benjamin Netanyahu shaking hands is layered over a background showing a poster of Netanyahu being burned. In the burning poster, text is partially visible, including the word “TERRORIST.“ On the right, a large Iranian flag flies prominently on a flagpole overlooking a dense, hazy urban cityscape with light-colored buildings stretching toward distant mountains. The two sides of the image are stylistically distinct, contrasting the political alliance of the leaders with the regional opposition and the landscape of Iran.
A hand holding a petrol pump

Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world