House debates

Monday, 15 June 2009

Questions without Notice

Interest Rates

2:15 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. I refer to the Commonwealth Bank’s claim that its recent rate rise was caused by an increase in its own long-term wholesale borrowing costs. Given the increase in long-term rates is directly related to the massive explosion in government debt, doesn’t the Prime Minister accept that it is his reckless spending and debt binge which is pushing up interest rates?


No comments