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By Rodrigo Santos Andrade
Former Reserve Bank of Australia board member Roger Corbett has skewered large government spending after the central bank lifted the cash rate to 3.85 per cent and inflation soared above the 2-3 per cent target band.
"This is a big spending government and you can’t have a big spending government and a growing economy," Mr Corbett told Sky News Australia.
"This is really a sad time in Australian history."
Tags: Australian News, Breaking News Australia, Sky News Australia