The main Opposition party campaigned in the election on a commitment to get interest rates reduced, not by leaning on the central bank but by "giving monetary policy some mates" through tighter fiscal policy and deregulation of the labour market.
Five years later, with several years of fiscal surplus behind it, the Government undertook to reduce income taxes subject to several conditions being met, one of which was that the Reserve Bank was satisfied that such tax cuts would not require a significant tightening of monetary policy.