Senate debates

Tuesday, 6 September 2022

Questions without Notice

Economy

2:37 pm

Photo of James PatersonJames Paterson (Victoria, Liberal Party, Shadow Minister for Cyber Security) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. In July this year the Reserve Bank governor issued a warning to the new government:

… an important consideration is how inflation expectations and the general inflation psychology in the community evolve. If inflation expectations shift up and businesses and workers come to expect higher rates of inflation on an ongoing basis, it will be harder to return inflation to target … It is in our collective interest that this does not happen.

Does the minister agree with the Governor of the RBA?

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