RBA ‘putting rates on hold’ is ‘because of government spending’

Independent MP Dai Le says the Reserve Bank putting rates on hold at 4.35 per cent is “because of government spending”. This comes as Treasurer Jim Chalmers maintains Labor’s $300 energy bill subsidies are not inflationary despite the Reserve Bank claiming otherwise. “In terms of the Reserve Bank putting rates on hold, what I’ve read is that, apparently, it’s because of the government’s spending,” Ms Le told Sky News Australia. “I’m not an economist, but I can tell you this … people are struggling; people are telling me again the costs … have increased.”