Paul Keating savages Reserve Bank governor's superannuation comments

Former Australian PM says Philip Lowe fails to comprehend the key income facts' when he says increasing the super guarantee could affect wages growth

Paul Keating has accused the Reserve Bank of Australia governor, Philip Lowe, of failing to comprehend the key income facts of the last eight years" when he argued that lifting the super guarantee would create lower wages growth.

Keating was responding to comments Lowe made to a parliamentary committee in the middle of August. The governor said if the Morrison government proceeded with lifting the guarantee from 9.5% to 12%: I would expect wage growth to be even lower than it otherwise would be."