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

The Leader of the Opposition has been out there today hyperventilating like a kid on red cordial. I say to the Leader of the Opposition in very clear cut terms: the government, in taking the decision that it announced on Sunday a week ago, did so on the advice of the Secretary of the Treasury that this was the position of the regulators, including the Reserve Bank. That is why the government acted. The government stands by its position and the decision taken. I would draw the honourable gentleman’s attention to this statement, which was made by the Reserve Bank governor today, in which he said that the announcements by the government Sunday a week ago were ‘sensible and the RBA supported them’. The Reserve Bank governor has blown the credibility of the Leader of the Opposition right out of the water.

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