House debates

Tuesday, 20 June 2023

Questions without Notice

Interest Rates

2:09 pm

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

The economic circumstances that we inherited were: the largest deficit since the Second World War and $1 trillion of debt with little to show for it, sluggish economic growth and productivity sliding backwards. The highest quarterly rise in inflation this century was on their watch—2.1 per cent. And of course, interest rates started rising on their watch.

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