Kim Beazley (Brand, Australian Labor Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister and follows the one that he previously answered from this side of the House. Can the Prime Minister confirm he said yesterday:

... inflation by historic standards is still extremely low, so are interest rates.

Can the Prime Minister confirm the ‘historic standards’ he was referring to was when inflation hit double digits and interest rates hit 22 per cent when he was Treasurer in 1982?

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