Nationals Senate Leader Bridget McKenzie says RBA Governor Philip Lowe has “grave concerns” for Australia’s productivity growth and forecasts it to affect rental prices.
“He made it very, very clear he has grave concerns for our productivity, our growth rates at the moment and we are not being productive enough and that is going to have significant consequences particularly on rental price increases going forward,” Ms McKenzie told Sky News host Sharri Markson.
“He’s forecast today rent will … go to 10 per cent increases which we haven’t seen for a very, very long time.”
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