Treasurer Jim Chalmers says there was a “good frank conversation” about Australia’s economic realities – which he claims were “inherited”.
“Clearly, there was enough of a sense immediately prior to the election with the interest rate rise, the inflation number coming in at 5.1 per cent, the highest in more than two decades,” he said.
“We had a sense of the challenges, but I think that inflation problem has gotten worse in the subsequent period, even in the last few weeks if you listen to the Reserve Bank governor as we all do.”
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