Jun 14, 2026 – 2.32pmThe Reserve Bank has rebuffed union demands to guarantee employees the right to work from home and protect wages against inflation, setting the stage for another potentially bitter pay dispute with staff.The central bank has offered its workforce a 9.5 per cent pay rise over three years – 3.5 per cent in the first year, 3 per cent in the second year and 3 per cent in the third year – rejecting Finance Sector Union demands for a 12.5 per cent increase and an inflation-protection mechanism that would have triggered additional pay rises if prices rose faster than wages.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
RBA rebuffs push for WFH rights and inflation-proof pay rises
The Reserve Bank faces renewed industrial tensions as unions criticise a 9.5 per cent pay offer, which would see staff earn up to $10,800 more over three years.
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