Rudd says, "oh my God !! 5 interest rises, Howard you have failed those who voted for you".
It really goes like this ... "Honest Kevin" ... 5 rises at 0.25%= 1.25% Now it's been 3.2 years since that Howard statement "... we will keep interest rates at all time lows ..."
well 1.25/3.2 = 0.39%
That's well less than half a percent per annum per year for the last 3 years.
Sounds pretty good to me.
Howard statement stands in my opinion ... that's a very low rate historically over these last 3 years.
