Rate cut not rallying voters to Labor ahead of Federal Election: poll

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Rate cut not rallying voters to Labor ahead of Federal Election: poll

The Reserve Bank’s decision to cut rates last month has done little to rally voters to Labor ahead of the upcoming federal election, according to a key poll.

The latest Guardian Essential poll, conducted last week, showed Anthony Albanese’s net approval rating tumbled further to -8, and that almost half of the 1150 respondents did not know who they would cast their ballots for.

Neither Labor nor the Coalition breached the 50 per cent wall on a two-party preferred basis.

Though, the Coalition was ahead in the two party preferred vote at 48-47, with 5 per cent saying they “don’t know”.

It was a slight shift against Labor on last month’s poll, which returned an even 48-48 with 4 per cent saying they “don’t know”.

Camera IconThe Reserve Bank’s decision to cut rates last month has done little to rally voters to Labor ahead of the upcoming federal election. NewsWire / Martin Ollman Credit: News Corp Australia

Primary support for Labor also dropped one point to 29 per cent.

The Coalition got 35 per cent, the Greens 12 per cent and other minor parties or independents made up 19 per cent.

But the poll did not show voters were flocking to the opposition, with 38 per cent trusting Labor more to support higher wages compared to the Coalition’s 18 per cent.

Forty-four per cent said it made “no difference”.

Labor also won on cost of living, holding 33 per cent to the Coalition’s 27 per cent, and 39 per cent of respondents saying it did not matter.

On the economy, the Coalition was just ahead at 30 per cent to Labor’s 29 per cent.

The results have again reinforced expectations of a hung parliament, which would force Labor and the Coalition to look to the crossbench to get the numbers to form government.

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