Senate debates

Tuesday, 2 July 2024

Questions without Notice

Interest Rates

2:13 pm

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

We take responsibility for the decisions the government makes, and we are doing that, which is why we are providing tax cuts, energy bill relief, cheaper medicines, investments to reduce student loans and support for wage increases, which those opposite consistently and repeatedly oppose, in order to make sure that households are given as much support as the government can provide them during this time. We recognise that households are under pressure and that particularly those with large mortgages are feeling the impact of those interest rate increases. We acknowledge that, which is why our cost-of-living measures, most of which you have opposed, have been calibrated and targeted to support those households as they are experiencing these tough times. So we are obviously making sure we do everything we can, in a time of higher inflation than we would like, so our decisions have to be—

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