House debates

Wednesday, 27 October 2010

Questions without Notice

Banking

2:42 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

The introduction of that package was then followed by the global financial crisis and of course the global recession. It was also followed by a marked reduction in rates. It is true to say that in those circumstances it was not utilised strongly, for commonsense reasons. As I said before, there is no silver bullet when it comes to competition.

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