James Paterson (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

In the accompanying monetary policy statement, the RBA board noted:

Underlying inflation is expected to be higher over the forecast period relative to the August Statement.

Year-ended trimmed mean inflation is expected to be above the top of the 2-3 per cent range until mid-2026

And headline inflation is forecast to rise to 3.7 per cent year ending 2026. Does the government admit that its record spending has put the Australian economy at risk of continued higher inflation and higher interest rates?