There's a ticking political time bomb waiting for whoever wins the next election

The winner of the next federal election will face a tricky political challenge, with an all-but-confirmed rise in interest rates heading their way.

"It's very unusual for them to be where they are today," he said.

John Howard tried some similar tactics in 2007, only to see the Reserve Bank raise rates right in the middle of his election campaign. During Senate Estimates, Labor's Katy Gallagher questioned Finance Minister Simon Birmingham on whether rates would go up under a future Coalition government."Where interest rates go precisely will be a matter for the Reserve Bank," he said.

He argued that a Coalition government will simply spend less money than a Labor government, meaning the RBA won't have to pump the brakes on the economy quite as hard.The good news awaiting whichever party wins the upcoming election is by the look of things, they will inherit a fairly robust economy.

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