Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

I thank the Deputy Leader of the Opposition for her question, and I congratulate her on calling out the Reserve Bank governor this morning for the straight shooter that he is. The Reserve Bank governor has had a lot to say about inflation and about the issues that are there in the economy, including the global pressures on inflation. But of course the member would know that the quarter with the highest inflation that has occurred this century was the March 2022 quarter—the last full quarter that those opposite presided over. The Reserve Bank governor has made it very clear about the government's response. He said this: 'I don't think that the budget is adding to inflation. It is actually reducing inflation.' That's pretty clear. That's a pretty clear statement. I don't know how it could have been more unequivocal than that.

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