House debates

Tuesday, 5 September 2023

Questions without Notice

Interest Rates

2:29 pm

Photo of Anthony AlbaneseAnthony 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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