Senate debates

Wednesday, 6 September 2023

Questions without Notice

Economy

2:11 pm

Photo of Fatima PaymanFatima Payman (WA, Australian Labor Party) Share this | Hansard source

The national accounts paint a picture of a softening economy and show that more challenges lie ahead. Minister, yesterday, the independent Reserve Bank board made the decision to keep interest rates on hold at 4.1 per cent, which I am sure would be welcome news to millions of mortgage holders. How is the government responding to the challenges that you have outlined, and what further support can Australians expect in coming weeks to build on the targeted cost-of-living relief that has flowed over the October and May budgets?

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