Senate debates

Wednesday, 20 November 2024

Questions without Notice

Economy

2:14 pm

Photo of Dean SmithDean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

Dr Jonathan Kearns, the chief economist at Challenger and former RBA executive, stated that 'any stimulus is going to add to aggregate demand' and 'Anything that's stimulating spending will make the Reserve Bank's job harder and slow the reduction in interest rates.' Minister, does the Albanese government support keeping rates higher for longer by increasing spending in the form of one-off vote-buying payments?

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