Will raising interest rates affect the outcome of the elections in Australia? .. Morrison answers


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Australia news- On Tuesday, Australian Prime Minister Yezim held a press conference following the RAB's decision to raise interest rates by 25 percentage points.

The bank's first decision in more than 11 years left Morrison with a lot of questions about the impact of the decision on the election outcome.

A journalist asked the prime minister if his party had lost the current election because of high interest rates, to which Morrison replied, "Of course not."

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"Today's matter is the result of the Australian economy emerging from the crisis of the Covid-19 epidemic," he added.

Labor did not provide such an opportunity to strike at its liberal rival, shadow Treasury Secretary Jim Chalmers said, "It was difficult for the Liberals to make ends meet, and it is even more difficult today with higher interest rates."

The Reserve Bank has not raised interest rates since 2007 in an election contested by Kevin Rudd and John Howard, and the Howard government at the time lost an overwhelming majority to its rival.

  • Read also: Officially, for the first time in more than 11 years, Australia raises interest rates to 0.35%.. Here's what that means

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