Prime Minister Scott Morrison has defended his government's economic record amid growing expectations the Reserve Bank will slice interest rates just ahead of the May 18 election to stimulate the economy.
On Friday, the bureau reported business inflation falling to 1.9 per cent with early measures of price pressures down to 0.1 per cent through the March quarter.Mr Morrison, questioned on the state of the economy on his watch, said 1.3 million jobs had been created under the Coalition while 230,000 businesses had started."People are being able to put their kids in for longer periods of time and all of that, but I don't speculate on what the Reserve Bank does," he said.
Of the 16 times the RBA has changed rates since 2010 it has moved them four times at its May meeting, which takes place in the wake of the March quarter CPI. Rates have been changed in the weeks after other CPI reports on another five occasions.
Source: Financial Digest (financialdigest.net)
swrighteconomy What record? He shut down parliament as soon as he was in the job
swrighteconomy Everything keeps to have huges increasing pushing the Living costs very high for the Lowest pay workers,under pay workers,exploiting workers by dodgy bossess support by Coalition Gov,unemployed,poor sick,No buy power for diadvantage Workers Humans Being. Economy can only go down.
swrighteconomy The RBA will be forced to cut rates because the economy is tanking and inflation is at 0.0%. And ScoMo's solution, like always, is more tax cuts for the rich and bullshit trickle-down economics. auspol
swrighteconomy This is typical of Scott Morrison’s Lies about economics - very low inflation is telling you that the economy is in trouble. Economy is healthy when inflation is between 2 & 3 percent. If u don’t believe me then do a simple google search about inflation.
swrighteconomy It's a slowing economy because wages disability and oldage pensioners are struggling, privaterents affects everyone workingfamilies politicians they are OK financially priceofliving nothing's changed John Howard days it was not this bad ScottMorrisonMP billshortenmp
swrighteconomy
swrighteconomy Its a bloody world phenomenon Australia 😄 The world's economic outlook is sick😢😦😦
swrighteconomy The projected surplus a lie! Based on high iron ore prices which now to fall. The mine accident in Brazil caused spike. That mine coming back online. The media has not asked Morrison anything about it. Miners dropped $7bn when mine announced reopening. Not one question asked!
swrighteconomy Cash rate is at 1.5% there's not much more the RBA can do, soon we'll be at 0%, then minus % interest rates. They're running out of options, all they can do is print more money at a cheapr rate. QE will probably begin soon, eroding the buying power of our fictional dollar daily
swrighteconomy Scott Morrison is a salesman. He can sell.
swrighteconomy Cutting rates has not helped to date.
swrighteconomy It's not that hard. Gov surplus = Private deficit. Of course the economy slows if more money is extracted than injected.
swrighteconomy He is incompetent, that's why he was 'let go' from his last position. He has no clear policies to speak of and can only blame the opposition for his own failings.
swrighteconomy Mr spin
swrighteconomy I hope so and hope banks pass it on
swrighteconomy It's been a Liberal Govt for 6 years, where are the headlines blaming Liberals, economy is crap, house prices have dropped.. Yet no headlines.. If we had a Labor Govt, there would be full page headlines blaming Labor... Our media is so full of shit, it's disgusting!
swrighteconomy his econ record is a flop Wages stagnant Property prices is crashing Jobs r insecure casual P/T Lots of wages abuse by labor hire n franchises Generational theft in favor of bankers n wealthy retirees using neg gearing n franking tax refund Vodoo trickle down econ
swrighteconomy The Liberal National Party has failed in running the Country and managing the economy - It is time to boot this mob out and it time for a new broom to sweep clean the mess that the Liberal National Party has made and created over the past six years of mismanagement
virgotweet swrighteconomy They couldn't run a bloody chook raffle
swrighteconomy But wait a minute in the last few weeks Morrison and Fraudenberg have been spouting on about only they can provide 'a strong economy' Why the hell is the Economy all of a sudden going down the gurgler on their watch. Why Mr Prime Minister?
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