Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

As I said to Senator Evans, what we asserted at the last federal election—and which was endorsed by the Australian people at that election—is that under a coalition government interest rates will always be lower than under the Labor Party. We continue to assert that to be true and we will again assert that to be true at this federal election. The record proves this. Interest rates have averaged four percentage points lower under our government than they were under the last Labor government, and interest rates today are lower than they ever were under the party that Senator Wong represents.