House debates

Tuesday, 2 September 2008

Questions without Notice

Interest Rates

2:37 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

he will do exactly the opposite in government. That is the articulated Nelson doctrine from yesterday. What he says in opposition he will now guarantee to do exactly the reverse of if in government. That is what he said yesterday. And the exchange yesterday, that memorable exchange on the doors, about his attitude to the Reserve Bank and providing them with instructions to cut official interest rates by 50 basis points, and his then turning round and saying, ‘Of course, if I were Prime Minister, I would not say that at all’—that is remarkable. There is one question I would pose to the Leader of the Opposition, and it is this: when does this Nelson doctrine end? If the Nelson doctrine is one which says, ‘What I say today on interest rates as Leader of the Opposition does not’—

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