Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

Mr President, I ask a supplementary question. Haven’t interest rates gone up four times since the introduction of Work Choices? Doesn’t the Reserve Bank statement on monetary policy make it clear the government has lost control of inflation? Isn’t the government’s failure to control inflation directly responsible for five interest rate increases since the Liberal government broke its promise to working families to keep interest rates at record lows?