Senate debates

Tuesday, 12 May 2026

Questions without Notice

Budget

2:24 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

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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