Senate debates

Tuesday, 7 March 2023

Questions without Notice

Economy

2:24 pm

Photo of Nick McKimNick McKim (Tasmania, Australian Greens) Share this | Hansard source

Minister, real wages declined at the fastest rate on record in December. The Treasury secretary said at Senate estimates that the risk of a wage price spiral remains low. Does your government believe that nine, going on 10, consecutive interest rate increases to avoid a non-existent wage price spiral is to the greatest advantage of the people of Australia?

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