Australians are bracing for an interest rate rise amid rising inflationary pressures.

It’s widely tipped the Reserve Bank of Australia will lift the record low rate of 0.1 per cent next week.

During 4BC Drive’s Question Time debate, LNP Senator Julian Simmonds rejected the notion that voters will turn against the Coalition as cost of living bites.

“I think they understand the global pressures that every country is facing our inflation rate if far lower than other comparable nations,” he told Scott Emerson.

Labor MP Anika Wells fired back.

“When things are going well in the economy, this Prime Minister takes all of the credit and when Australians are doing it tough, he takes none of the responsibility.”

Press PLAY below to hear the full exchange

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