Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

The question, I understood, was about inflationary pressures. That is what I understood that the question was about. So let me be clear about this: the Reserve Bank have acknowledged in their recent statements that there is a softening in the interest rate environment because they are confident that they have a government that is facing up to the challenge of the highest inflation rate in 16 years, left to this country by those opposite. So the Reserve Bank have indicated that they agree with the budgetary outcome. Let those opposite, at their peril, decide that they want to blow holes in the budget surplus, because they will then once again be responsible.