Senate debates Questions without Notice

Interest Rates


Nick Minchin

Nick Minchin SA, Liberal Party, Minister for Finance and Administration

2:41 pm

As Senator Sherry well knows, our pledge to the Australian people, which remains absolutely true, is that interest rates under a coalition government will always be lower than they were under a Labor government or would be under a Labor government. We profoundly believe that to be true. The Australian people believe that to be true and they have the evidence of the performance of the Hawke-Keating government to prove that demonstrable fact when their policies drove interest rates through the roof and drove thousands upon thousands of Australians out of their homes.

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