RBA interest rates: PM defends economic ‘shield’ after first rise in cash rate since 2010

Опубликовано: 30 Октябрь 2024
на канале: Guardian Australia

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Prime minister Scott Morrison has pointed to the pandemic and the war in Ukraine after the Reserve Bank of Australia lifted the official cash rate to 0.35%. Morrison said the coming months could be hard for some as interest rates go up, but that’s why tax reductions are so important. Opposition treasurer spokesman Jim Chalmers said, ‘this is a full blown cost of living crisis on Scott Morrison’s watch’

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