Mr ALBANESE (Grayndler—Prime Minister) (14:26): I thank the shadow Treasurer for his erasure of history there and the fact that interest rates, of course, started increasing while they were in office. Mr Taylor: You said you were going to take responsibility. The SPEAKER: The member for Hume has asked his question. Mr ALBANESE: This is what the shadow finance minister had to say not a long time ago—in fact, last week: We know the pressures that the international situation and supply chains are putting on inflation and … subsequently interest rates. So, in the other place, they've actually got an economic spokesperson who understands that supply chains apparently have an impact and understands the international situation. But of course that's consistent with what the Leader of the Opposition said in May: … nobody wants to see interest rates go up, but it's a reality of a world where there's inflation. Mr Wallace interjecting— The SPEAKER: The member for Fisher will cease interjecting. Mr ALBANESE: Then the shadow minister himself, the shadow Treasurer, said last September: It is very clear that the world has changed dramatically even in the past few months … We've seen a rapid shift to an inflationary environment. Interest rates are bucking decades of downward trends. That's what he had to say. He was right then. He's wrong now.