Shadow treasurer Angus Taylor has taken aim at Jim Chalmers after the Treasurer blamed the Reserve Bank for slow economic growth.
"smashing the economy" with rate hikes during a cost of living crisisThe data is expected to detail Australia's dire economic growth over the June quarter after the economy rose a dismal 0.1 per cent during the first quarter of 2024. , with Mr Taylor slamming the Treasurer for"fighting everyone and everything but inflation".
"Well, it’s not, our inflation is stuck. We’re at the back of the pack in dealing with it, our inflation is higher than any other major advanced country and we’re the only one where it hasn’t come down since January." Treasurer Jim Chalmers has come under fire from the Coalition over his comments accusing the RBA of"smashing the economy" with rate hikes during a cost of living crisis. Picture: NewsWire / Martin Ollman
"What does that mean? It means… the additional $350 billion that the Albanese government has spent since it was elected is contributing to higher inflation," Ms Cash added.
Angus Taylor Reserve Bank Anthony Albanese Jim Chalmers Economy Michaelia Cash Treasurer Inflation
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reserve Bank restructure closer to reality after Treasurer Jim Chalmers offers olive branch to Angus TaylorThe Reserve Bank of Australia is a step closer to its biggest restructure in three decades after the treasurer offers an assurance to his Coalition counterpart.
Read more »
Angus & Julia Stone would make a great Angus & Julia Stone covers bandThere are few surprises lurking in the brother-and-sister duo’s latest show.
Read more »
Angus & Julia Stone would make a great Angus & Julia Stone covers bandThere are few surprises lurking in the brother-and-sister duo’s latest show.
Read more »
Angus & Julia Stone would make a great Angus & Julia Stone covers bandThere are few surprises lurking in the brother-and-sister duo’s latest show.
Read more »
Interest rates: RBA’s rate-setting board to start next year, says Treasurer Jim ChalmersShadow treasurer Angus Taylor is hosing down expectations of a deal on the government’s stalled reforms to the central bank.
Read more »
Convicted killer of teen Angus Beaumont charged with attempted murder over alleged Brisbane home invasion7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »