House debates

Tuesday, 1 August 2023

Questions without Notice

Interest Rates

2:30 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

Now, partly as a consequence of our responsible economic management, we're seeing inflation moderating, we're seeing record job creation and we're seeing the first surplus in 15 years, saving us billions of dollars in interest costs on their debt. We are cleaning up the mess that they left us and building the foundations for a stronger economy and a better future.

Today's decision is a welcome reprieve. There will be a sigh of relief around Australia, but people are still under the pump. We will continue to take seriously our responsibilities in this inflation fight, which is far from over. (Time expired)

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