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Australian Labor defends economic record after rate hike
Original: Labor defends economic record following interest rate hike | ABC NEWS
Australia's governing Labor party has mounted a defence of its economic management following an interest rate rise, prompting criticism that borrowing costs are climbing on its watch. Government ministers argue the economy is stronger than critics claim, while the opposition and voters weigh the rate increase against cost-of-living pressures. The dispute comes as households face higher mortgage repayments.
Why now: An interest rate rise has revived debate over the government's economic management and cost-of-living pressures.
Australian Labor PartyReserve Bank of AustraliaAustralia
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- Labor defends economic record following interest rate hike | ABC NEWS · ABC News (Australia) · 353.8K
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