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=== Albanese government (2022–present) === {{Main article|Albanese government}} [[File:Platinum Jubilee- Renaming of Aspen Island 6.jpg|thumb|right|[[Anthony Albanese]], the 31st [[Prime Minister of Australia]] reviews the [[Australia's Federation Guard|Federation Guard]] during the [[Platinum Jubilee of Elizabeth II|Platinum Jubilee]] of Elizabeth II, 4 June 2022]] On 23 May 2022, [[Anthony Albanese]] was sworn in as Australia's new prime minister. His Labor Party defeated Scott Morrison's conservative government in the [[2022 Australian federal election|election]]. Prime Minister Albanese formed Australia's first Labor government in almost a decade.<ref>{{cite news|title=Anthony Albanese: Australia's new PM sworn in ahead of Quad meeting|url=https://www.bbc.com/news/world-australia-61546470|publisher=BBC News|date=23 May 2022}}</ref> The [[2021–2023 inflation surge|global surge]] in [[inflation]] that began in 2021, continued. The Australian inflation rate peaked at 7.5% at the end of 2022: a 32 year high. By November 2023, the [[Reserve Bank of Australia]] had raised interest rates to 4.35%, a 12-year high.<ref>{{Cite news|last=Cole|first=Wayne|date=2023-11-07|title=Australia's central bank raises rates to 12-year high, tempers hawkish stance|language=en|work=Reuters|url=https://www.reuters.com/markets/rates-bonds/australias-central-bank-raises-rates-12-year-high-tempers-hawkish-stance-2023-11-07/|access-date=2023-11-08}}</ref> A referendum on an [[Indigenous Voice to Parliament]] was held on 14 October 2023 and was rejected nationally.<ref name=":0">{{Cite web|date=2023-10-14|title=Australia rejects historic Indigenous referendum|url=https://www.bbc.com/news/world-australia-67110193|access-date=2023-10-14|publisher=BBC News|language=en-GB|archive-date=14 October 2023|archive-url=https://web.archive.org/web/20231014154957/https://www.bbc.com/news/world-australia-67110193|url-status=live}}</ref> The Yes23 campaign co-chair [[Rachel Perkins]] called for a week of silence "to grieve this outcome and reflect on its meaning and significance".<ref>{{Cite web|title=Indigenous yes advocates have called for a week of silence post-referendum|url=https://www.sbs.com.au/nitv/article/indigenous-yes-advocates-have-called-for-a-week-of-silence-post-referendum/upp1jn4ak|access-date=2023-10-20|website=NITV|date=16 October 2023 |language=en|archive-date=19 October 2023|archive-url=https://web.archive.org/web/20231019232959/https://www.sbs.com.au/nitv/article/indigenous-yes-advocates-have-called-for-a-week-of-silence-post-referendum/upp1jn4ak|url-status=live}}</ref>
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