Bob Katter (Kennedy, Independent) Share this | Hansard source

My question without notice is to the Treasurer. Section 10 of the Reserve Bank Act states that the bank pursue policies that 'best contribute' to the maintenance of full-time employment in Australia and the 'economic prosperity' of the Australian people. In light of this and yesterday's decision which will price more Australian goods and services off the world market, would he not agree that the continuation of this fight-inflation-only policy will jeopardise hundreds of thousands of jobs in tourism, manufacturing, agriculture, retailing and base metals? In light of the prevailing rates in the US, 0.13 per cent, Japan, 0.05 per cent, and the EU and Canada, one per cent, could he assure the Australian people that it will be pointed out to the RBA that continuing with a four per cent—

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