Australian central bank governor faced repeated questioning on government spending issue.

Reserve Bank of Australia Governor Michelle Bullock once again faced a series of queries, this time regarding the role of government spending in the central bank's decision to raise interest rates this month. In her comments to a Senate committee, she emphasized that concerns about rising demand were primarily related to the increase in private demand, a trend the bank had noticed since last year. The Reserve Bank of Australia has repeatedly attributed its interest rate hikes to excessive demand in a constrained supply economy.