Treasurer Jim Chalmers addresses the chamber in Parliament House in Canberra, Australia on Feb. 3, 2026. Hilary Wardhaugh/Getty Images
The Reserve Bank’s decision to lift interest rates landed squarely on the first Question Time of parliament this week, shifting the chamber’s focus to mortgages, inflation and responsibility.
Opposition Leader Sussan Ley took aim telling Prime Minister Anthony Albanese the average mortgage holder was already paying about $21,000 more a year in interest costs under Labor.
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