Senate debates

Thursday, 27 June 2024

Questions without Notice

Economy

2:04 pm

Photo of Simon BirminghamSimon Birmingham (SA, Liberal Party, Shadow Minister for Foreign Affairs) Share this | Hansard source

Minister, this morning you said that there's no doubt that those 13 interest rate increases have really hit households. Minister, Australian markets are now pricing in a 78 per cent chance of another 0.25 per cent rate hike by November this year. How hard do you think a 14th rate rise will hit already-struggling Australian households?

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