Senate debates

Wednesday, 20 March 2024

Questions without Notice

Interest Rates

2:11 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I'm sure Senator McKim will get his opportunity later. The approach the government has taken is to make sure that we are not increasing pressure on inflation and that we are reducing the pressure on inflation across the economy, but that we are able to provide households and Australians with cost-of-living relief. We've seen from ABS data where our policies have directly reduced CPI, whether it be in our rent assistance or our energy bill relief, and that is important in helping this fight against inflation. We've had other areas where we've made targeted investments—for example, in making medicines cheaper, in supporting families with childcare costs, and with our housing plans to increase the supply of housing across Australia.

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