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Labor defends economic record after interest rate rise

Original: Labor defends economic record following interest rate hike | ABC NEWS

Australia's Labor government is defending its economic record after the central bank lifted interest rates. Ministerial comments reported by ABC News argue the government's cost-of-living measures are consistent with monetary policy, while critics blame spending pressures for persistent inflation. The rate rise has renewed debate over mortgage holders' finances and who bears responsibility for the economy's direction.

Why now: An interest rate hike has put the government's economic management back at the centre of public debate.

Australian Labor PartyReserve Bank of AustraliaAustralia

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• Labor defends economic record following interest rate hike | ABC NEWS · ABC News (Australia) · 353.8K

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