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

We have honoured our promise to ensure that interest rates remain lower under us than under the Labor Party and the fact is that interest rates today are lower than they ever were under 13 years of Labor. You on the opposition side should be ashamed of yourselves that, in all your time in office, you could not get rates as low as they are today—that is a remarkable statistic. The fact is rates are lower today than when we came into office, so we have honoured our promise of 2004 to keep rates lower than they ever were under the Labor Party.