Today the independent Reserve Bank increased interest rates by 25 basis points.
Australians are already paying a hefty price for the war in the Middle East and this decision will make it tougher.
It will add to the pressure that families and businesses are under at a time of ongoing global instability.
We understand that people are under pressure which is why we’re rolling out responsible cost of living relief.
The uncertainty and volatility in the global economy mean there is an even greater premium on responsible fiscal management.
In the upcoming Budget, we’ll continue this government’s record of responsible economic management by saving more than we spend and banking all upward revisions to revenue.
The RBA has to raise interest rates today.
Inflation is out of control. It was out of control before the war but now inflation is at a dangerous level.
The RBA must pull the trigger.
It will be painful for many. Just remember. You get what you vote for.
The very people who voted this government in are going to get a hard reality check sadly.
#auspol
New figures from the Australian Bureau of Statistics show that inflation ticked up as expected in the month of March largely because of global pressures.
These numbers show Australians are paying a hefty price for war in the Middle East.
These are the costs and consequences of a conflict on the other side of the world.
It’s another reminder that from an economic point of view, an enduring end to the war can’t come soon enough.
We’ve set up a new Fuel Supply Taskforce, led by Anthea Harris.
Working with states and territories, the taskforce will make sure fuel gets where it’s needed most.
It will bring together experts and industry to protect our fuel supply, and make sure we have the latest information on supply and demand.
Greg Norman:
More than 80 worldwide wins
2 Open Championships
World Number 1 for 331 weeks
Hall of Fame member
3 x PGA Tour money lists
3 x Vardon Trophies
5 x Byron Nelson Awards
Happy 71st Birthday to one of the greatest ball strikers ever 🙌🇦🇺
@3AWisfootball I listened to it...again McClure, in an attempt to try and save face, put his agenda ahead of congratulating Steven King on a job well done. Ruined the whole segment. Bartel and Lloyd clearly didn't agree.
Here we go !! The UNEDITED press conference that caused every future AFL presser to be filmed/broadcast.
Terry Wallace v Geoff Poulter - Rd 2 1997.
(subtitles added by me)
Who deserves a shout here in the 'unlucky' Aussie Test XI?
Looking at players who may have gotten more of a run at Test level if circumstances were different.
@rhettrospective@BTBrianTaylor Hi Rhett, can you find any footage of BT, Dunstall, Quinlan, Lockett, Carey et al putting mouthguards in socks or shorts before shots at goal ?
So despite Amelia Hamer having a clear 10,599 primary vote lead ahead of broomstick woman @Mon4Kooyong… the cauldron lady wins the seat.. what a bloody joke this preferential voting system is 🤮🤮
We came into government with the cost of a new home increasing by 22%. The latest inflation data shows it down to 1.6%.
That’s what responsible economic management looks like.