Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

I refute the assertion that the Prime Minister has given the green light to the Reserve Bank. The Reserve Bank is fundamentally independent in its policy settings. That is absolutely clear in the charter that the government has with the Reserve Bank. The Reserve Bank is entirely independent in its monetary policy settings. That is not to say that no Prime Minister or Treasurer should ever say anything about interest rates.