House debates Questions without Notice

Interest Rates

Thursday, 9 August 2007 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Shadow Treasurer

2:18 pm

My question is to the Prime Minister. Does the Prime Minister agree with me that interest rates were too high when they reached 17 per cent in 1989, just as interest rates were too high when they reached 22 per cent in 1982 when the Prime Minister was Treasurer? Is this why the Treasurer has said that ‘the Howard treasurership was not a success in terms of interest rates and inflation’?

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