House debates Questions without Notice

Economy

Monday, 9 February 2026 House of Representatives

Anthony Albanese

Anthony Albanese Grayndler, Australian Labor Party, Prime Minister

2:33 pm

After the last meeting of the Reserve Bank, which independently sets interest rates, this is what the governor had to say:

… what's happened over the last six months or so is that private demand has turned out to be much stronger than we had been forecasting …

That is what the Reserve Bank governor had to say very clearly. But what we have done is to make sure as well that we have provided for cost-of-living support, something opposed by those opposite, whose energy for opposing our cost-of-living measures is only exceeded by their energy in fighting each other.

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