Claire Chandler (Tasmania, Liberal Party, Shadow Assistant Minister for Foreign Affairs) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. There have been 11 rate rises since Labor came to government just over a year ago, but core inflation remains higher than all of the G7 nations except the United Kingdom. Yesterday the RBA announced that it doesn't expect higher inflation to return to band until late 2025, meaning interest rate will be higher for longer. After an additional $185 billion of spending in your last budget, which economists described as unambiguously expansionary and likely to add to inflation, will you finally admit that your fiscal policy is keeping inflation higher for longer and fuelling the cost-of-living crisis?