House debates

Tuesday, 21 March 2023

Questions without Notice

Interest Rates

2:24 pm

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

Thanks, Mr Speaker.

Yesterday, the member for Hume said that half of mortgages would change; today—he's just all over the shop. The truth is that the changes to interest rates began on their watch. The inflationary pressures had been there in the economy for a period of time, building up, as the former Prime Minister said, due to the Russian invasion of Ukraine and also the supply chain issues that emerged from the pandemic. Now, they want to just wish those away, but you can't just wish these things away. You have to act on them, and that is why my government is acting on them.

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