Widely expected cash rate hike at Reserve Bank of Australia board meeting for the first time in 12 years

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It would be wrong to see an increase in labor rates ahead of the May 21 election in Australia.

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Interest rates were increased in 2007 when the coalition government of John Howard was defeated.

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Prime Minister Scott Morrison says any rate hike is wrong

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At the same time, he also said that the matter of 2007 was different, at that time the problem was something else.

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Australia had emerged from the effects of natural disasters, pandemics and foreign conflict.

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Where, to reporters in Melbourne on Tuesday, the pressure the people of Australia are going through is real

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He said the higher spending of the borrower's money would put pressure on labor interest rates from above

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