House debates

Tuesday, 14 February 2023

Questions without Notice

Interest Rates

2:19 pm

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

I'm asked by the shadow Treasurer in 2023 about a quote from 2006. And people say they're backward looking! And they say they can't keep up with the times! I don't know where they get that from, but I'm sure that whoever faxed that quote to the shadow Treasurer—I'll accept that perhaps it's accurate, even though it wasn't detailed what was there.

We actually have a plan to take pressure off inflation, and that's the way you take pressure off interest rates. We have a plan also so that monetary policy works with fiscal policy, together, in order to achieve an outcome. That's why the Reserve Bank governor last week was talking about inflation as being at least half and perhaps even more—two-thirds—because of supply chain restraints. What are we doing about supply chain is part of our three part relief—

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