We knew it would happen, and know it will happen again. At the moment even the most one-eyed supporter of the Howard/Costello government would have to concede this would have happened even if TEH TEAM was still on the job. A new government that has been in place for a mere two months can’t cop the blame for this rise, nor credit if for some reason the Reserve Bank had not raised rates.
Perhaps this pre-election post is right after all: The treasurer is mainly pretence. There I cite Andrew Charlton: