House debates
Tuesday, 5 September 2023
Questions without Notice
Interest Rates
2:29 pm
Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source
Interest rates are, of course, linked with inflation. What has occurred is that there have been interest rate increases as a result of inflationary pressures in the economy. Inflation peaked under their watch at 2.1 per cent in the March 2022 quarter, the last full quarter in which they were in government. Since then, what we have done to take pressure off inflation is—
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