The Reserve Bank lifted rates this morning. This was not entirely unexpected.
The PM had his lines in order: ”Despite the extraordinary growth in the economy, wages are being contained. Now, Labor can’t better that.”
OK, so the pitch is this: things are going gangbusters (we’re going for growth after all), but at least you can trust us to hold your wages down. Don’t expect Kevin to do that, he’ll give you more money.
Nothing if not creative. Just two weeks to convince the punters they’d be better off worse off.