RBA interest rates: Jim Chalmers says there is no contradiction between government and RBA on jobless and inflation goal

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Jim Chalmers says the employment White Paper won’t contradict the RBA’s goal of cutting inflation; the general leading Ukraine’s counter-offensive says forces have made gains in the Zaporizhzhia region; moderate Republicans make last-ditch bid to avert a US government shutdown. Follow the latest here.

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He called Ukrainian proposals for restoring its pre-invasion territory “unrealisable” and said that if Ukraine’s allies wanted war, they could have it. In a letter to Lavrov last month, UN Secretary-General Antonio Guterres outlined four measures the UN could facilitate to improve Russia’s grain and fertiliser exports in a bid to convince Moscow to return to the Black Sea deal, which allowed Ukraine to export grain through the corridor and helped address a global food shortage.

Lavrov added that Moscow left the Black Sea grain initiative because promises made to Russia – including on removing sanctions on a Russian bank and reconnecting it to the global SWIFT system – had not been met.

 

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Chalmers rejects RBA’s unemployment rate targetTreasurer Jim Chalmers has bowed to union pressure and rejected the Reserve Bank's technical 4.5 per cent unemployment target. The long-awaited employment white paper is set to deliver sustained and inclusive full employment. The white paper acknowledges the union's complaints, declaring everyone who wants a job should be able to find one. It comes in the wake of heavy criticism from workers' representatives after the former RBA governor Philip Lowe claimed unemployment will have to rise to bring inflation under control. September saw the RBA hold interest rates at 4.1 per cent as it continues to monitor inflation.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

RBA interest rates: Jim Chalmers says there is no contradiction between government and RBA on jobless and inflation goalJim Chalmers says the employment White Paper won’t contradict the RBA’s goal of cutting inflation; the general leading Ukraine’s counter-offensive says forces have made gains in the Zaporizhzhia region; moderate Republicans make last-ditch bid to avert a US government shutdown. Follow the latest here.
Source: FinancialReview - 🏆 2. / 90 Read more »

RBA interest rates: Jim Chalmers says there is no contradiction between government and RBA on jobless and inflation goalJim Chalmers says the employment White Paper won’t contradict the RBA’s goal of cutting inflation; the general leading Ukraine’s counter-offensive says forces have made gains in the Zaporizhzhia region; moderate Republicans make last-ditch bid to avert a US government shutdown. Follow the latest here.
Source: FinancialReview - 🏆 2. / 90 Read more »