RBA Governor’s $1.22 Million Paycheck Overshadows Staff’s Real‑Wage‑Cut Fight
Reserve Bank Governor Michele Bullock received a total remuneration of $1.22 million for the 2025‑26 financial year.
At the same time, staff at the Reserve Bank are organising to oppose real wage cuts that would erode their purchasing power.
The contrast between the governor’s six‑figure package and the employees’ fight over wage reductions has drawn attention from market observers, highlighting a striking irony within the institution that sets Australia’s monetary policy.
