Reserve Bank of Australia (RBA) staff are considering taking industrial action after the latest round of wage negotiations with the central bank left them unsatisfied.

The RBA has offered a 11% pay rise over the next three years, up from its previous proposal of a 10.5% increase, according to the Australian Financial Review on October 17. The latest proposal involves offering junior and mid-level staff a 4% pay rise this year and back-to-back 3.5% increases next year and 2025.

The central bank