“The reality is we’ve seen wage rises without any increase in productivity, we’ve seen increases in government
spending,” he told Sky News host Chris Kenny.“His hands aren’t on the levers … it’s all the Reserve Bank’s fault.”
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‘Others can apportion blame where they like’: Treasurer Jim ChalmersTreasurer Jim Chalmers says other people can “apportion blame” where they want to after being questioned on whether there was a possible miscalculation with the latest rate hike of 0.25 per cent. “When it comes to the independent Reserve Bank, I would rather focus on my part of my job, which is a budget which is designed to address these inflationary pressures that are pushing up interest rates, and I take responsibility for that, others can apportion blame where they like,” Mr Chalmers said.
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‘This is a difficult day for Australians’: Jim Chalmers addresses RBA decisionTreasurer Jim Chalmers has acknowledged the cost-of-living pressures troubling many Australians following yet another rise in interest rates from the Reserve Bank of Australia.
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Treasurer threw RBA Board 'under the bus' with rate decision commentsJim Chalmers should have gone further to 'defend' the Reserve Bank after its latest interest rate hike according to Motley Fool's Scott Phillips, who added the government could be doing more to help in the fight against inflation.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘Belongs to the government’: Shadow Treasurer blames Labor for latest rate riseThe Shadow Treasurer says Labor policies are behind the Reserve Bank’s decision to raise the cash rate to 4.1 per cent at its meeting on Tuesday. Angus Taylor said inflation was coming from Canberra “rather than the Kremlin”. “It is coming as a result of a cocktail of policies that we have seen from Labor … which are combining to create an inflationary fire,” he told a press conference on Tuesday. “The truth of the matter is, that’s where these interest rate increases have come from.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘Difficult to cop’: RBA lifts interest rates to 11-year high of 4.1 per centOn a $600,000 mortgage, the 0.25 percentage point increase will add almost $100 to monthly repayments. Treasurer Jim Chalmers said it would be difficult news for many Australians.
Source: theage - 🏆 8. / 77 Read more »