Finance Minister Katy Gallagher says the government’s improved fiscal position is ensuring that they don’t add to inflation but rather help reduce it.
Ms Gallagher reacted to the Reserve Bank of Australia’s decision to leave the cash rate on hold at 4.10 per cent on Tuesday.
“We’re working alongside the Reserve Bank, not against it,” Ms Gallagher said during a media conference. “Our cost of living relief to Australians that are struggling has been carefully calibrated so that it doesn’t put pressure on inflation. “Whilst the decision today is welcome news … we remain absolutely focused on the job that we have to do.”
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