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

The member for Curtin says, ‘Turmoil!’ The turmoil was along these lines: the ANZ reduced its interest rates by 25 basis points, the National Australia Bank by 20 basis points, the Commonwealth Bank by 21 basis points and Westpac by 20 basis points—all of that being of no consequence. But I had forgotten that the alternative Prime Minister regards a 25-basis-point move as irrelevant. Remember that he said that after seven interest rate increases on the part of those opposite.

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