House debates

Thursday, 23 October 2008

Questions without Notice

Banking

2:30 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. I refer the Prime Minister to advice from the Governor of the Reserve Bank to the Treasury secretary, Dr Henry, on 17 October in which the Governor of the Reserve Bank said ‘not only must there be a cap, but the lower the better’. Given this advice, does the Prime Minister agree with the Treasurer’s statement on national television four days later, on 21 October, when he said, ‘The Reserve Bank is not arguing for a cap’?

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