Sussan Ley (Farrer, Liberal Party, Shadow Minister for Women) Share this | Link to this | Hansard source

My question is to the Prime Minister. I refer to the Treasurer's description of one interest rate rise under the former government as a 'full-blown cost-of-living crisis'. Since then, Labor have failed to deliver a plan to deal with rising inflation, and the cash rate has risen eight times in eight consecutive meetings of the RBA. If one rate rise was a crisis in May, how would the Prime Minister describe the eight rate rises since? Why do Australian families always pay more under Labor?

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

Well, nobody wants to see interest rates go up, but it's a reality of a world where there's inflation.

Milton Dick (Speaker) Share this | Link to this | Hansard source

The Leader of the Opposition will cease interjecting.

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

I think Australians understand that. There's a lot of pressure, upward pressure, on interest rates at the moment. It was his quote, not mine. That's what the Leader of the Opposition had to say in May 2022. That's what the Leader of the Opposition had to say then. The fact that you interjected so loudly and rejected that comment so strongly while I was quoting the Leader of the Opposition says a lot about the turmoil that is in your ranks today.

Opposition members interjecting—

Milton Dick (Speaker) Share this | Link to this | Hansard source

Members on my right will cease interjecting, otherwise a general warning will be issued and people will not be staying for question time.