Senate debates Questions without Notice

Interest Rates


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Finance and Deregulation

2:36 pm

I am pleased to advise the chamber that a short time ago the Reserve Bank of Australia announced a 25 basis point drop in the cash rate from 4.75 per cent to 4.50 per cent. I can hear already—the only people in Australia who are not pleased about that are those opposite. I do not hear any 'Hear! hear!' from those opposite, just like the only people in Australia who are not pleased that—

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