On Tuesday the central bank lifted the cash rate by another 25 basis points to 4.10 per cent, the highest level since 2012.
Reserve Bank Governor Philip Lowe announced a cash rate hike increase to 4.10 per cent on Tuesday. Picture: NCA NewsWire / Martin Ollman “That’s why they keep getting their forecasts wrong, that’s why they keep getting their analysis wrong.Stephen Conroy unloaded on Mr Lowe, saying he has"lost the plot". Picture: Sky News Australia
"This bloke has lost the plot. He's given the middle finger on the way out the door to the Australian public as he gets shuffled out the door.”
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‘Outrageous’: RBA Governor is ‘twisting statistics’ to support his preordained viewFormer Labor senator Stephen Conroy has slammed RBA Governor Philip Lowe “twisting statistics” to support his reasoning for raising rates to 4.1 per cent. “Prices actually drove up inflation substantially through last year, and then when it gets into this year, it says wages have started to have an impact, and that was from a national wage case decision last year which put the poorest Australians – he gave them a wage rise,” he told Sky News Australia. “So this is absolutely outrageous in the way that the Reserve Bank Governor is twisting statistics to back his preordained view.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor is ‘not doing’ what they promised: Paul MurraySky News host Paul Murray says the Albanese government is “not doing” what they promised as rate rises continue to occur and the cost-of-living pressures continue to affect Australians. “Albanese apart from all the other messaging, his own Twitter feed – it’s still there ‘a Labor government will lower the cost of living’, no one can say that is the case,” Mr Murray told Sky News host Sharri Markson. “There’s a smell here – they are not doing what they promised, they are screwing over people,” he said.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor knew they couldn’t keep cost-of-living election promisesSky News host Sharri Markson says Labor knew they could not make the cost-of-living election promise and yet they did so regardless. “Labor’s election promises, they couldn’t have been more clear cut ‘we will bring down the cost-of-living’ and no one blames Labor entirely … but they knew when they made that promise, that they couldn’t make that promise,” Ms Markson said. “But that was their central election promise, and people believed them.”
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‘More work to be done’: Labor negotiating EU Free Trade AgreementThere’s more work to be done as the Australian government continues negotiating for the EU Free Trade Agreement to allow greater agricultural access to European markets, according to Trade Minister Don Farrell. “There’s still a lot of water to go under the bridge,” Mr Farrell told Sky News Australia. “We’re making progress, reducing the number of issues … but there’s still a lot of work to do. “We’re going to have to persist and persevere, we have to push the issues we feel strongly about.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor Senators ‘heavily involved’ in politicising Higgins caseSenior Labor ministers have come under intense scrutiny over their involvement in “politicising” the Brittany Higgins case as Sky News Australia’s Sharri Markson reveals who knew about the allegations before the story was made public.
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‘Belongs to the government’: Shadow Treasurer blames Labor for latest rate riseThe Shadow Treasurer says Labor policies are behind the Reserve Bank’s decision to raise the cash rate to 4.1 per cent at its meeting on Tuesday. Angus Taylor said inflation was coming from Canberra “rather than the Kremlin”. “It is coming as a result of a cocktail of policies that we have seen from Labor … which are combining to create an inflationary fire,” he told a press conference on Tuesday. “The truth of the matter is, that’s where these interest rate increases have come from.”
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