FOR MEDIA FRIDAY, 4 MARCH 1983
INIT'REST RATES
Labor's interest rate advertisement today is totally dishonest.
Our policies have enabled interest rates for home owners, home
buyers and small businesses to fall over the past four or five
months. In our last budget we gave significant help to
young home buyers and -1-o home o-wners through our Home Loan
Interest Rebate Schemne. As a result of Government policies,
an extra $ 1,200 million has been directed into the housing
industry. Those facts are irrefutable.
What Labor's advertisement doesn't point out is that interest
rates for home loans and on overdrafts for small business are
regulated. They are regulated because of our concern for the position of
home buyers and small businesses.
I say in categorical and absolute terms because of our
continuing concern those interest rates are not going to be
deregulated. It is Labor's policies that will mean much higher interest
for home owners and small businessmen not our policies.
It is Labor's commitment to spend an additional $ 4,000 million
that will assuredly push interest rates up several percentage
points. 000000ooo
Fraser, Malcolm
Period of Service: 11/11/1975 - 11/03/1983
Find more information on Fraser, Malcolm on the:
Release Date:
04/03/1983
Release Type:
Media Release
Transcript ID:
6043
Document:
00006043.pdf
1 Page(s)
Released by:
- Fraser, John Malcolm
INTEREST RATES
6043