Prime Minister John Howard and Labor Leader Kelvin Rudd

By Petra Amelia on November 5th, 2007

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Prime Minister John Howard has told ABC TV’s Insiders program that the strength of the economy, the growing world price of oil, and the drought are all external factors which may influence the Reserve Bank’s decision. Mr. Howard is trying to prepare voters for a likely interest rate rise; he says “the Coalition is better prepared to manage the economy through more difficult times.” In the interview he also said “Do you really believe that the Labor Party with its history of budget deficits is better able to manage all of that over the next three years?” Labor leader Kevin Rudd has told Channel Nine that if elected, his government would be responsible. Kevin also said “I will not repeat Mr. Howard’s irresponsible promise at the last election to keep interest rates at record lows,”

Read: abc.net.au

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