Senate debates

Wednesday, 20 March 2024

Questions without Notice

Interest Rates

2:08 pm

Photo of Tony SheldonTony Sheldon (NSW, Australian Labor Party) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. I refer to the independent Reserve Bank's decision to leave interest rates unchanged at 4.35 per cent—a relief for 3.3 million Australians with a mortgage. In a statement released following the decision, the RBA board confirmed that inflation continues to moderate, and the task of returning inflation to sustainable levels is its highest priority. What is the Albanese Labor government's response to the decision taken by the independent RBA board yesterday?

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