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

Dealing with the inflation challenge is the defining economic challenge facing the country. We've been very clear about that. The RBA has increased the cash rate by a further 25 basis points today. They are, of course, independent and make those decisions based on the economic data that they are seeing. We have been saying for some time that we understand that these increases—particularly for those households that have mortgages, and often large mortgages—are significantly impacting household budgets. There is no doubt about that.

To specifically answer your question, it depends on what your mortgage is, and the terms with which—