Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

Speaking of governors of the Reserve Bank, the former governor of the Reserve Bank, Mr Lowe, told Senate estimates:

All the evidence is that if inflation stays high for too long, expectations adjust and that ultimately leads to higher interest rates and more unemployment.

Minister, with even the government admitting that inflation is now staying higher for longer in Australia, are you failing the former RBA governor's test, with Australians now having to endure higher interest rates and risking more unemployment?