Simon Birmingham (SA, Liberal Party, Shadow Minister for Foreign Affairs) Share this | Hansard source

Before the election, the Prime Minister promised cheaper mortgages, but, under Labor, interest rates have increased 12 times, meaning a family with an average mortgage is paying $24,000 more per year. Interest paid on mortgages has nearly tripled under Labor. As Labor has handed down three budgets, economists have said the extra spending is keeping interest rates higher for longer.

Does the Labor government accept any responsibility for interest rates staying higher for longer in Australia, even as they come down in other countries?