Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator McKim for the question and the two that will follow. The government supports the independence of the Reserve Bank and its responsibility around setting monetary policy. We are in a highly inflationary environment, and that is placing pressure on interest rates, which are rising. We have seen those rises over the last few months. The decision will be made public probably right now while I'm on my feet.

In terms of our approach to that, accepting that the RBA has responsibility for monetary policy and targeting inflation within that two to three per cent band while the government has responsibility for fiscal policy and—