Chalmers made the remarks on Sunday after weeks of whispers of dissent between the RBA and federal government.
has said the Reserve Bank is "smashing the economy" with interest rate hikes, in a surprise move towards stronger language as the cost of living crisis continues.
Chalmers made the remarks on Sunday after weeks of whispers of dissent between the RBA and the federal government.Jim Chalmers declared the RBA is smashing the economy with rate hikes. The cash rate has stayed at 4.35 per cent since November 2023. This is the highest level it has sat at for 13 years.Interest rates have remained the highest they've been in 13 years since November 2023.
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 of Australia: RBA board split not dead says Treasurer Jim ChalmersThe treasurer offers to shift all RBA board members onto a new interest rate-setting board, presenting a potential breakthrough in stalled Coalition negotiations.
Read more »
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 »
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 »
Treasurer Jim Chalmers launches attack on Coalition leader Peter Dutton"If anything, Dutton wants higher inflation, higher interest rates, higher unemployment, lower wages, and less help."
Read more »
Treasurer Jim Chalmers makes Productivity Commission less productiveThe government’s independent economic adviser has only one active inquiry, which former officials say is extremely low by historical standards.
Read more »
Interest rates: Treasurer Jim Chalmers breaks with RBA on economic outlook and inflationThe warning came as Treasurer Jim Chalmers disputed the RBA’s assessment the economy was still too strong and big-spending governments were prolonging inflation.
Read more »