Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

We very much understand that the pressure, when it comes to increases in interest rates, has an impact on families and households. We understand that, which is why we are undertaking measures to take pressure off the cost of living. It is why we introduced cheaper pharmaceuticals, why we've introduced fee-free TAFE and why we will have cheaper child care on 1 July. For many Australians who do have fixed rates, they will be impacted when those fixed rates end, whenever that is—whenever the particular arrangements that they have as individuals with their financial institutions end. So we know that this is an issue, and that is why we are doing all that we can, just as we did last October, to produce a responsible budget.

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