Senate debates Questions without Notice

Budget


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Foreign Affairs

2:24 pm

The senator refers to the RBA governor. This is what the RBA governor said in March:

…if you look at what's happened to interest rate expectations for those other central banks, they're on holds. They were cuts.

She went on to say:

… the whole Middle Eastern situation has resulted in obviously concerns about inflation and as a result a lift in expectations for central bank interest rates.

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