House debates

Tuesday, 11 August 2026

Questions without Notice

Housing

2:36 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) | Hansard source

I was asked about interest rates, and the impact they have and what views would be. Someone in this place said on 10 November 2020:

Nobody wins from low interest rates.

On 23 October 2019, they said:

At the beginning of this term I deliberately communicated my concern about the Reserve Bank continuing to cut interest rates.

Going back, in case you think that was an accident, to 2018:

… we need to create the policy settings to progressively increase interest rates.

…   …   …

Money is too cheap, and it's time we did something about it around the policy framework.

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