Senate debates

Thursday, 15 August 2024

Questions without Notice

Economy

2:12 pm

Photo of Susan McDonaldSusan McDonald (Queensland, National Party, Shadow Minister for Resources) Share this | Hansard source

My question is the Minister representing the Treasurer, Senator Gallagher. Minister, this week you've continued to insist that the RBA finds Labor's policies to be so helpful, stating that the bank does acknowledge that energy bill price relief will put downward pressure on headline inflation. However, the RBA's chief economist stated: 'Those particular policies are only legislated for one year. By their nature, they are time-limited and temporary.' The RBA governor even talked about inflation popping back up after these temporary policies end. Does the Albanese government accept the clear advice from RBA that these short-term policies will do little to change Australia's persistent, homegrown inflation?

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