House debates
Tuesday, 1 November 2011
Questions without Notice
Interest Rates
2:37 pm
Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source
My question is to the Prime Minister. The coalition of course welcomes lower interest rates, as we always have, but I reflect on the comments of the Reserve Bank board when they said that they are reducing interest rates because overall growth is more moderate and confidence is subdued. I ask the Prime Minister: given her Treasurer has been ignored by the banks on 50 separate occasions, will the Prime Minister guarantee that the banks will pass on to Australian households the cut in interest rates in full?
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