House debates

Tuesday, 26 August 2008

Questions without Notice

Interest Rates

3:27 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is addressed to the Treasurer. Why did the Treasurer beg the Reserve Bank to raise rates at the beginning of the year when he said inflation, then at three per cent, was out of control and yet now, when the Reserve Bank says it is heading for five per cent, he is begging the banks to bring rates down?

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