James McGrath (Queensland, Liberal National Party, Shadow Assistant Minister to the Leader of the Opposition) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. The release earlier today of minutes from the last Reserve Bank board meeting showed that the board assessed 'finely balanced arguments' but decided just three weeks after the Albanese government's second budget on a 12th interest rate increase. How could Labor's expansionary budget, which included $185 million of new spending, have done anything other than tip the balance in favour of another interest rate increase, leaving Australians facing the highest RBA cash rate in 12 years?