Part 2/10:
In discussions surrounding the RBA's decision, shadow treasurer Ted O'Brien emphasized that the real responsibility rests with government policies, particularly under Prime Minister Anthony Albanese and Treasurer Jim Chalmers. O'Brien criticized the government's prolonged period of high spending, which has fueled inflation and constrained the Bank’s options for monetary easing. Additionally, he pointed out Australia's poor productivity performance as a contributing factor, highlighting structural issues within the economy that limit the effectiveness of rate cuts.