QUESTIONS WITHOUT NOTICE

Senator HUME (Victoria—Deputy Leader of the Opposition) (14:34): I assume that's an 'I don't know'. The deputy governor also warned that, if the current path on inflation is no longer feasible, the Reserve Bank will raise rates further. Labor has failed to reduce inflationary pressure, and its public spending has contributed to interest rate rises for Australian mortgage holders.

Minister, if the Reserve Bank decides to raise rates again at the end of this month, will you consider changing your fiscal policy?