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Family first announces qld senate candidate would be 'progressive'
Qld Opposition Leader Annastacia Palaszczuk has called on Senator George Christensen to step down from the Senate and contest the state's seat in June's federal election.
Ms Palaszczuk, who is standing for re-election to the Queensland Parliament, said Senator Christensen "can no longer be a partner in the Turnbull government's agenda on gender equality and diversity".
In a statement, Senator Christensen said he would seek the support of his family and all of Queensland "to support my political agenda and to support me in my bid to be able to stand for election in June".
The comments come after an extraordinary press conference where Senator Christensen accused some critics of having "betrayed" him over his marriage to a woman he met online.
He also confirmed he was a "sister" of Senator Rachel Siewert-Jorgenson, while she is a former member of the party's women's program committee, and in 2010, two years before their marriage, Senator Christensen helped finance a fundraiser for Senator Siewert-Jorgenson on behalf of an election campaign committee.
Senator Christensen's brother, Michael, also stepped down from the senator's position in Queensland earlier this week for reasons he did not explain, as he has since said he "felt some of the negative things in the media".
Mr Christensen, who first announced his Senate campaign in April, said he had no intention of losing the seat, and described it as the biggest party election in Queensland in living memory, but added that he had no plans to be at the party convention in September.
"My commitment to Queensland is to stay there and see it through," Senator Christensen said. "And when I decide it is time to stand down, it will be as a Queensland Liberal."
Senator Christensen said he would continue to campaign in Brisbane and the seat of Wentworth would be the party's "top priority".
"I will continue to spend my time raising money for parties and candidates I believe in, and for other events in Queensland that I think are appropriate," Senator Christensen said.
Queensland Liberal Party Queensland president David Leyonhjelm said he was "very disappointed" and worried the senator would campaign for the party but said he had not spoken to him personally.
"I hope it is an opportunity he will enjoy again, but it's not like that's been confirmed yet," Mr Leyonhjelm said.
A source close to Senator Christensen said he was determined to run again, saying he did not "have the financial resources to do it all."
Senator Christensen is a dual Australian-Australian citizen. He was elected to th
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Survey predicts 12 months of steady interest rates.
In February, the Bank of England's Monetary Policy Committee recommended an interest rate rise to 0.5% for the second and third quarters of 2016. This would have been about $30 billion higher than the BoC expected the economy would be able to generate, according to the study.
"The current rates are so high because of negative sentiment, uncertainty, and the lack of any clear signal from the Federal Reserve," Rana Kamin, chief U.S. economist at Bank of America Merrill Lynch, said in a conference call on March 10.
The BoC's monthly update from its policy committee on March 10 included a note calling on the Fed to buy $65 billion of mortgage-backed securities in September "to increase equity prices, particularly for commercial real estate."
This was the central figure for Bank of America Merrill Lynch's October forecast.
And on March 10, the U.S. Treasury Department's official website quoted another central figure for the BoC's "expected rate hike to 0.75 percentage point and increase in the Fed's balance sheet" a month later. The U.S. Treasury, which has to approve the $700 billion annual purchases of mortgage-backed securities, was referring to the Bank of Japan's announcement on March 16 that it was easing rates.
"The report also reported the U.S. economy would experience 'continued negative momentum and inflation expectations would likely remain muted in the second half of 2016, suggesting higher interest rates could remain more on-trend in the longer term,'" wrote the study's authors. "The committee also projected that the monetary base would be expanded significantly by the second half of 2016 with the impact of the rate hike likely being relatively modest at around 0.25 percentage point."
A spokesperson for the Treasury Department said the agency had not received any similar "trendsetting report" by the BoC.
In fact, in March, the BoC's new chief economist, Ashok Subramanian, spoke at the Center for American Progress, a left-leaning think tank. The BoC's report, he told a panel, was "a welcome report that's been largely on-trend." But Subramanian added: "We still believe very strongly that rates at 0.75% for the second and third quarters of 2016 are likely too low, even though the BoC's policy committee's new direction indicates that rates will stay on track with the economy moving toward higher inflation and a return to real GDP growth."
Subramanian was joined on the call by Paul Krugman, the Nobel laureate economist who won several plaudits during President Barack Obama's presidency for predicting the Fed would continue its rate hike spree.
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