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Jim Chalmers says the peak of inflation has passed but refused to predict when the nation would see interest rate cuts. The Treasurer opened up about his sobriety, political ambitions and recession fears in a 7NEWS Spotlight profile that aired on Sunday. Economic growth flatlined in the first two quarters of the year — increasing just 0.1 points in March and 0.
“That was a really welcome sign that we’re making progress together in this fight against inflation.” When asked when Australians would see the end of the cost-of-living crisis, Dr Chalmers said there were “better days ahead”. “I think when it comes to inflation specifically, the worst is behind us,” he said.
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