House debates

Wednesday, 9 August 2006

Questions without Notice

Interest Rates

2:21 pm

Photo of John HowardJohn Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

I am aware of a lot of Reserve Bank figures and I am also aware of figures that show that unemployment is at a 30-year low. I am also aware of the fact that, if the average borrower in Australia today were paying the average interest rates of the Hawke-Keating years, instead of paying $1,430 a month they would be paying at least $2,300 a month. If they were paying the notorious 17 per cent interest rate, they would be paying over $4,000 a month. I hope the member for Lilley continues to ask these questions.

Comments

No comments