House debates

Tuesday, 8 November 2022

Questions without Notice

Interest Rates

2:33 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

You're already far ahead of the shadow Treasurer, Mr Speaker, if you make that link and far ahead of the Manager of Opposition Business. The point that I'm making is that the budget we handed down two weeks ago was aimed fairly and squarely at this inflation challenge in our economy, which is pushing up interest rates. Inflation was a problem before the election. Interest rates were going up before the election. They have absolutely no credibility if they won't acknowledge that.

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