House debates

Monday, 20 March 2023

Questions without Notice

Interest Rates

2:26 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

Then the shadow minister himself, the shadow Treasurer, said last September:

It is very clear that the world has changed dramatically even in the past few months …

We've seen a rapid shift to an inflationary environment.

Interest rates are bucking decades of downward trends.

That's what he had to say. He was right then. He's wrong now.

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