Kevin Rudd (Griffith, Australian Labor Party, Leader of the Opposition) Share this | Hansard source

My question is again to the Prime Minister. I refer to his answer to a previous question where he said that Australia’s interest rates were higher than those of many other economies because Australia’s economic growth record was stronger. Would the Prime Minister explain the basis for his answer when the 2006 OECD report lists Canada, the Czech Republic, Denmark, Finland, Greece, Hungary, Iceland, Ireland, Korea, Luxembourg, Mexico, Poland, the Slovak Republic, Spain, Sweden, Turkey and the United States as all having higher economic growth rates than Australia? Prime Minister, given this fact, how do you in fact justify the fact that Australia has the second highest interest rates in the developed world?

See this speech in context