Senate debates

Wednesday, 8 February 2023

Questions without Notice

Interest Rates

2:01 pm

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

I haven't actually seen the transcript of that interview, but I do understand that the Assistant Treasurer was outlining our government's plan to deliver on cost-of-living relief. He also indicated that the RBA has a tough job to do and that the RBA is independent—and those statements are correct. The RBA does have a difficult job to do. It is independent of government. It makes decisions based on the information that it has available to it at the time. The government's position reflects that. It is an independent body making decisions on monetary policy in this country. The area where the government have something to do is in making sure that our decision-making, the decisions we make in relation to the budget and others, do not make the job of the Reserve Bank harder, and that is the government's position.

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