Senate debates Questions without Notice

Economy


Dave Sharma

Dave Sharma NSW, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury

2:03 pm

Jonathan Kearns, the Chief Economist at Challenger and former RBA official, said yesterday:

Two factors mean the RBA is unlikely to be able to deliver 2.5 per cent inflation with the cash rate at that level: first, financing conditions remain easy; second, fiscal policy continues to provide some stimulus. The RBA needs to offset the stimulus from these two factors, and so a further cut is looking very unlikely …

Isn't it clear that your policies are contributing to interest rate rises?

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