House debates Questions without Notice

Economy

Wednesday, 15 February 2023 House of Representatives

Peter Dutton

Peter Dutton Dickson, Liberal Party, Leader of the Opposition

2:06 pm

My question is to the Prime Minister. I refer to the fact that over the last 30 years to 2022 the cash rate has been 1.3 percentage points higher under Labor than under the coalition. Interest rates are always higher under Labor. Under this Prime Minister there have been eight rate rises in eight consecutive meetings of the Reserve Bank of Australia board. No wonder there is such pressure on the Reserve Bank governor. When will the Prime Minister announce a plan to deal with the rising inflation problem in this country, which is fuelling higher interest rates? Why do Australian families always pay more under Labor? (Time expired)

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