Senate debates

Thursday, 15 August 2024

Questions without Notice

Economy

2:18 pm

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

It's not right to say that, Senator McDonald.

Well, it's not right! The way that she ended that question is not correct. Inflation is moderating. It is moderating in line with the forecasts. In fact, it was spot on in terms of the RBA forecast, who continue to say that they expect inflation to moderate. Those opposite might like to manufacture this crisis for their own political purposes. They were the only ones last week out there trying, hoping desperately, for an interest rate increase, hoping desperately for one.

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