Dave Sharma (NSW, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

My question's to the Minister representing the Treasurer, Senator Gallagher. Monthly inflation figures that came out yesterday show that inflation is again out of control and firmly above the Reserve Bank's target band, both in underlying terms and the headline rate. Penelope Smith, the Head of the International Department at the Reserve Bank, said in a speech yesterday:

Factors that could push neutral rates higher include growing fiscal deficits …

Is the Reserve Bank right or wrong?