Angus Taylor claims latest rate rise shows budget ‘did nothing’ to fight inflation

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Reserve Bank of Australia’s recent decision to raise interest rates for the 12th time since May last year shows the federal budget “did nothing” to fight inflation, according to the Shadow Treasurer.

Angus Taylor told a press conference on Tuesday that prior to the delivery of the budget, many economists were not

expecting further rate rises.“Including and extending to the Reserve Banks’ decision today to increase interest rates.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank warns of 'further tightening' as interest rate rises to 4.10 per centThe Reserve Bank of Australia has announced its interest rate decision for June, as Australians continue to grapple with inflation and the rising cost of living.
Source: SBSNews - 🏆 3. / 89 Read more »

Rate pain to continue warns economistThe Reserve Bank is likely to adopt a 'why wait' approach and raise interest rates further when it meets on Tuesday according to independent economist Warren Hogan.
Source: SkyNewsAust - 🏆 7. / 78 Read more »