Senate debates

Thursday, 15 August 2024

Questions without Notice

Economy

2:18 pm

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

You often cite the only reason Australia's central bank is taking longer to cut rates is because, unlike many of the countries listed previously, inflation peaked later and lower than in other parts of the world. Even this logic suggests Australia should now have had at least one rate cut. How is it that Australia is still experiencing a worsening inflation crisis with no rate cut in sight?

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