Today Anthony Albanese was unable to name either the Reserve Bank of Australia’s official cash rate, nor what the unemployment rate is.
The interest rate matters.
Keeping interest rates as low as possible matters.
It affects how much mortgages cost. It affects family budgets.
The unemployment rate matters.
Keeping it as low as possible matters.
It’s about how many Australians are in a job. It’s about how many Australians are earning a wage to support themselves and their family.
If you don’t know what the interest rate is, you can’t be trusted to put the right policies in place to keep them low.
If you don’t know what the unemployment rate is, you can’t be trusted to keep Australians in jobs.
More than 2.8 million households have a mortgage on their family home. That’s 2.8 million households who would suffer higher repayments under a Labor Government.
Labor has no economic plan.
Labor is addicted to spending, which means taxes will always be higher.
Under Labor, interest rates will always be higher than they need to be, because they can’t manage money.
Anthony Albanese’s weak leadership would weaken our country’s future.
The official cash rate is 0.1% and has been since November 2020.
The national unemployment rate is 4.0%.