Albanese rejects claim government spending is lifting interest rates
Anthony Albanese has rejected suggestions government spending is driving interest rates to an 18-year high, pushing back at the RBA governor.
Prime Minister Anthony Albanese has rejected suggestions that government spending is driving interest rates to an 18-year high. He was pushing back against comments from Reserve Bank governor Michele Bullock.
The exchange led the Nine News Brisbane bulletin on Wednesday 4 November, presented by Melissa Downes and Joel Dry. The summary of the bulletin does not set out the detail of Ms Bullock's remarks or the Prime Minister's full argument.
Also in the bulletin, exploration in the Taroom Trough is exceeding expectations. Hopes are growing that the work will lead to the production of tens of billions of barrels of oil.
This report is based on a short summary of the bulletin. It does not include figures, timelines or company details for the Taroom Trough exploration.
Video: 9 News Australia.
Key questions
- What did Anthony Albanese say about interest rates?
- He rejected suggestions that government spending is driving interest rates to an 18-year high, pushing back against comments from Reserve Bank governor Michele Bullock.
- Who presented the Nine News Brisbane bulletin on 4 November?
- Melissa Downes and Joel Dry presented the full bulletin on Wednesday 4 November.
- What is the latest on the Taroom Trough?
- Exploration there is exceeding expectations, with hopes it will lead to tens of billions of barrels of oil being produced.