Inflation: Chalmers Blames Demand, Not Spending
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Treasurer Jim Chalmers attributes inflation in Australia to strong private demand and the Middle East conflict, not government spending. The Reserve Bank raised interest rates, with a narrow vote. Chalmers promises more budget cuts to combat inflation. Economists warn of potential oil price surge, threatening a global slowdown and rethink on interest rates to prevent recession.
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