Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Monday, 6 December 1976

Mr LYNCH -The honourable gentleman's question represents very much a distortion of the reference in the Australian Financial Review. I welcome the opportunity to make the position perfectly clear. In the statement I made to the House on 30 November which followed other recent statements, I did not announce- I repeat, I did not announce- any increase in administered bank lending rates. The increases in interest rates that have taken place have applied to official government securities only. Therefore, the inference which the honourable gentleman seeks to draw from the Press report to which he referred is a complete distortion.

Suggest corrections