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Dear Friend,
 
The Reserve Bank was forced to increase interest rates again today because Labor can’t control its spending. 
 
In its decision, the RBA noted “Inflation picked up materially in the second half of 2025”. That’s well before the conflict in Iran. 
 
The Treasurer hasn’t taken inflation seriously. That’s why Mums and Dads are paying higher interest rates.
 
The Treasurer said this time last year that Australia had turned the corner on inflation and interest rates. 
 
However, this is now the highest interest rates have been under this Labor government. 
 
This is the 15th interest rate rise under Labor. A family with an average mortgage is now paying $29,000 a year more in interest than when Labor was elected.
 
While Australian households are being told to pull their belt in, the Albanese government seems unwilling to.
 
Labor's only solution to its budget problem appears to be slugging Australians with a suite of new taxes, breaking its promise not to. 
 
Under Labor, Australia has had the biggest decline in living standards in the developed world. 
 
And Australia’s inflation is higher than any major advanced economy. 
 
Australians are paying a high price for the economy Labor built.

Kind regards,

Tim Wilson
Shadow Treasurer

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Authorised by A. Hirst, Liberal, Canberra.
 
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