Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant the accuracy of closed captions. These are derived automatically from the broadcaster's signal.
Sky News On The Hour 3pm -

View in ParlView

(generated from captions) .

This program will be live captioned by Ai-Media

Delivering unrivalled live

coverage - this is Sky News,

Australia's news channel.

This is PM Agenda.

Good afternoon welcome to the program. Two very interesting developments in

the economic debate today,

first the Prime Minister

backed a cut in interest

rates, breaking the tradition

of refusing to comment on

independent Reserve Bank what's meant to be an

decision. Yes, the government

has made the point before

that returning the budget to

surplus gives the central

bank more room to move on

interest rates, but Julia

Gillard went further today

saying a rate cut would be

good for families and

businesses. Now she's

probably right, and it won't

hurt her politically in the

short term, but she will now

be under pressure to tell us

what she thinks the Reserve

Bank should do into the