Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

I note in one of the surveys released today about the state of confidence in general, particular reference is made to interest rates being too high. That is what it says. That is obviously a key factor here. On that score, I would draw the attention of honourable members opposite to the fact that interest rates did not start going up in November 2007. Interest rates went up 10 times under the member for Higgins. The member for Higgins delivered to this economy the second highest interest rates in the developed world and the highest inflation rate in 16 years.

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