Prime Minister Anthony Albanese has said his government is aware that people are doing it tough at the moment but has ruled out any further cost of living help as they stand by the decision of the Reserve Bank of Australia (RBA) to raise interest rates.
Speaking to the Today show on Tuesday, Albanese said that he recognised that people were “doing it really tough” and were “worried about increases in their mortgage.”
“The RBA are in charge of monetary policy,” Albanese said. “But we are very conscious of the feelings that are out there that people are doing it tough, and every half a percent or quarter of a percent in interest rates means higher payments for people, and that means they are having to make choices about how they get by.”…