Next RBA interest rate decision

The Reserve Bank has just raised its key interest rate to 2.35%, with the 50 basis point increase in line with most economists' expectations.

I thank the member for Clark for his question because he knows there’s never been harder, never more expensive to see a doctor than it is right now in Australia and is no mystery why, Mr Speaker. That task force, that fund also sits on top of our commitment to rollout 15 urgent care clinics, bulk billed including three in the member’s state of Tasmania, next year. that is why strengthening Medicare was the centrepiece of the Labor government[’s election commitment]. We remember, Mr Speaker, that we managed to block his original radical plan to impose a GP tax on every single Australian going to the doctor, but he was determined … The most pressing thing that we can do in the economy is to responsibly deal with people’s costs of living pressures in a way that delivers an economic dividend. Andrew Wilkie gets the next crossbench question and it is to Mark Butler, the minister for health. I say this to those opposite – if we had a tax on stupid questions asked by the member for Hume we could pay off the deficit in one hit. Whatever rate you’re able to wrangle, though, is likely to be well shy of inflation (which was about 6.1% for consumer prices and 4.9% for the “underlyingrate” in the June quarter, and both will be higher now). The floor of our house was rammed earth, the roof was leaky and our toilet was just a hole in the ground,” he said in his speech. I am aware of this because it came to light under the previous government, it was an issue at estimates we did ask some questions about, some of the issues you avert to were raised in the context of preparing for that estimates round. but I also think that Australians are entitled to believe someone in the incredibly powerful and I might add incredibly well-paid position that Dr Lowe occupies. as the honourable member knows, the tax cuts that are legislated by a former parliament come in around [July 2024].