Despite almost 90 per cent of economist predicting a rate cut, yesterday the RBA decided to hold interest rate at 3.85 per cent.

Federal Shadow Treasurer Ted O’Brien told Dean Miller on 4BC Breakfast, “There’s heightened volatility now, but this is why it’s incumbent on the government to get your own house in order and stop spending so much.”

“I mean, the government’s increased spending by 17 per cent over the last two years and so there’s just zero fiscal responsibility.” O’Brien continued.

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