Labor defends economic record following interest rate hike | ABC NEWS
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00:00 Borrowers are bracing for more pain as inflation rises to four per cent, fuelling fears of another rate hike. Labor has defended its economic record, pointing to global oil shocks as the Coalition claims government spending is pushing up prices, as Sara Tomevska reports. 01:56 With the big four banks passing on the rate rise in full, Chief Business Correspondent Ian Verender gives his analysis on what this all means for cost of living pressures. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-30/labor-defends-spending-amid-high-inflation-rate-rise/107208962 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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