House debates

Tuesday, 27 February 2024

Questions without Notice

Reserve Bank of Australia

2:14 pm

Photo of Max Chandler-MatherMax Chandler-Mather (Griffith, Australian Greens) Share this | Hansard source

My question is to the Prime Minister. Since the Reserve Bank review, the Greens have opposed the government's proposal to remove its power to protect renters and mortgage holders from unreasonable interest rate rises. Former Prime Minister Keating and two former RBA governors have publicly agreed with us that big political decisions like interest rate rises require political accountability. Will you admit that your government was wrong to try and give up its power to overrule unreasonable interest rate increases, and back the Greens change to the bill?

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