Government needs to pick up the ‘heavy lifting’ to ensure RBA keeps rates paused

The Australian’s Lead Writer Graham Lloyd says the RBA indicated rates will continue to rise if the government doesn’t pick up the “heavy lifting” by growing productivity and reigning in spending. “The significance this week was the decision by the Reserve Bank to keep interest rates where they were, the governor has said, well, we will pause rates, the heavy lifting now falls to the government and they need to grow productivity and reign in spending or interest rates will continue to rise,” Mr Lloyd told Sky News Australia.