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Friday, 18 September 1987
Page: 341


Mr PEACOCK —In the absence of the Treasurer, I direct my question to the Minister for Employment, Education and Training. In reference to the conduct of monetary policy during the latter part of the last financial year, it is stated in Budget Statement No. 2:

Substantial net foreign exchange purchases consequently played an important role during this period.

Can the Minister advise of the implications for interest rates in the event that net foreign exchange purchases were no longer to play an important role in monetary policy?


Mr DAWKINS —I will relay the honourable member's question to the Treasurer.