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

Mr President, I ask a supplementary question. Five interest rate increases in a row since the last election! Keeping interest rates low—that was your promise. Minister, given an extra $1,200 is being put onto every credit card in Australia every month, how will families ever be able to afford to pay off their credit cards, cope with rising childcare, grocery and petrol prices, and deal with the government’s attack on their working conditions? Is the Prime Minister really so out of touch that he thinks this shows ‘working families in Australia have never been better off’ and keeping interest rates at record lows?