Herald Sun Business Commentator Terry McCrann says Treasurer Jim Chalmers was “not happy” about Tuesday’s interest rate rise and didn’t incorporate it into his budgetary thinking.
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Chalmers has no more cash to splashInstead of talking down the strong economy and bottomline inherited from the Coalition, the treasurer needs to hold his nerve against the Labor left and focus on bringing the budget to balance, writes shadow treasurer Angus Taylor.
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‘Brutal reminder’: Chalmers’ budget warning after RBA shockIn the wake of the Reserve Bank’s resumption of interest rate rises, the treasurer has warned that fighting inflation comes ahead of demands to increase welfare spending.
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‘Pretty brutal’: Chalmers promises relief in budget after shock rate riseThe head of Deloitte Access Economics, Pradeep Philip, warns the Reserve Bank is pushing the country to the brink of recession.
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‘Brutal reminder’: Chalmers’ budget warning after RBA shockJim Chalmers has used the Reserve Bank’s resumption of rate rises to warn fighting Australia’s inflation rate must come ahead of welfare spending in next week’s budget.
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Lowe confronted after rate rise as Chalmers concedes Aussies are ‘under the pump’Treasurer Jim Chalmers said the government would provide “substantial cost of living relief” but avoid adding to inflationary pressures amid another rate rise from the Reserve Bank of Australia.
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