has been a vocal critic of the “rate rise regime” by the RBAIn June, the RBA elected to increase interest rates by a further 25 basis points to 4.1 per cent, the highest level in eleven years, amid persistently high inflation.
“Productivity in Australia, at business level, is at an all time low,” Mr Bouris claimed in the latest episode of his business advice podcast The Mentor.Mr Bouris suspects that Mr Lowe is intentionally “pushing” tougher economic conditions to boost unemployment and jump start the country’s productivity.
Mr Lowe cited"weak productivity growth" during Senate Estimates last month. Picture: NCA NewsWire / Martin Ollman Mr Bouris’ theory follows comments made by Mr Lowe regarding a growing gap between wages and productivity.