Simon Kennedy (Cook, Liberal Party) Share this | Hansard source

My question is to the Treasurer. The RBA governor confirmed what the Treasurer would not, which is that government spending contributes to pressure on interest rates. Confirming what we all already knew, the governor said:

That's logical. It's mathematical. That's what happens.

Given economists, former RBA board members and now the RBA governor have all acknowledged government spending contributes to inflation and the latest interest rate rise, why can't the Treasurer?

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