House debates

Tuesday, 14 February 2023

Questions without Notice

Economy

1:59 pm

Photo of Peter DuttonPeter Dutton (Dickson, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. Respected independent economist Chris Richardson has said the RBA 'is sending up a distress signal' to the government, warning it can't do the job of reducing inflation on its own. Under Labor, inflation is at a 33-year high. Interest rates have gone up eight times in eight meetings of the Reserve Bank. Every decision Labor has made has increased inflation and pushed interest rates higher than they need to be. Prime Minister, is this why interest rates are always higher under Labor?

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