Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

Mr President, I ask a supplementary question. If the government has not lost control of inflation, why have there been seven successive increases in interest rates since May 2002, including three since October 2004, when the Liberal government promised to keep rates low? Why does the government try to blame everything and everyone but itself? Why doesn’t it take some responsibility for rising inflation and rising interest rates?