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Thursday, 25 October 1973

Senator DRAKE-BROCKMAN - I ask the

Minister representing the Treasurer whether his attention has been drawn to a statement by the Assistant General Manager of the Bank of New South Wales that the Federal Government is exacerbating inflation in Australia by failing to curb its own expenditure. Has this view been expressed by many other prominent figures in the banking and economic fields, including officers of the Reserve Bank of Australia and the Treasury? If the Minister believes that these critics are wrong, when does he expect a downturn in the rate of inflation and what will cause its fall?

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