Ted O'Brien Fairfax, Liberal Party, Shadow Treasurer
3:07 pm
My question goes to the Treasurer. The RBA governor explained yesterday's decision to raise interest rates, saying this:
… we work with aggregate demand …
and, 'We're seeing aggregate demand, public and private, push up against the limits of growth.' Note her referencing of 'public'. Yet the Treasurer told the House yesterday government spending was 'not a factor' in the decision they took, and he peddled the same story today. Is the Treasurer suggesting the governor was wrong?
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