Perin Davey (NSW, National Party, Shadow Minister for Water) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Minister, following the budget you claimed:

The targeted cost-of-living measures announced in the budget are expected to reduce inflation, with energy bill relief … expected to directly reduce inflation by half a percentage point in 2024-25.

You and the Treasurer have both gone on to repeat this claim. Minister, the RBA's latest minutes confirm that they will look past these rebates when considering further interest rate increases and that any reduction to inflation will be reversed by 2025. Minister, do you agree with the RBA that they should look past this policy because the impact of it will be reversed?