Kim Beazley (Brand, Australian Labor Party, Leader of the Opposition) Share this | Link to this | Hansard source

My question is to the Prime Minister and follows his answer to the previous question from this side of the House. I refer to the Prime Minister’s comment last week that a possible interest rate hike next week by the Reserve Bank might be ‘the best thing it can do for Australia’. Prime Minister, why are you saying that this is the interest rate rise we have to have?

John Howard (Bennelong, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

What I am saying is this: the bloke who gave that quote currency, along with you, took interest rates to 17 per cent.