Submarine contracts dominate agenda for Australia’s defence and foreign ministers; new data shows slump in elective surgery figures. Follow all the day’s news
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Good morning! Natasha May now on deck with you.
The treasurer Jim Chalmers has been speaking with ABC News Breakfast this morning following the reserve bank’s decision yesterday to rise the cash rate by another 0.25% – with the possibility of more hikes not ruled out by the bank.
The thing about these interest rate rises is that impacts are felt immediately by people with mortgage repayments but the impact on the economy does take a little longer to flow through.
We do need to have a strong Reserve Bank but we need a government that makes it easier for the Reserve Bank to do its job. And sadly this last budget was a missed opportunity for the government to take pressure off the government to take pressure off the Reserve Bank. With a senior labour economist saying it’s left the Reserve Bank carrying the can. I think that missed opportunity by the government is enormously important.
Continue reading…Submarine contracts dominate agenda for Australia’s defence and foreign ministers; new data shows slump in elective surgery figures. Follow all the day’s newsGet our morning and afternoon news emails, free app or daily news podcastGood morning! Natasha May now on deck with you.The treasurer Jim Chalmers has been speaking with ABC News Breakfast this morning following the reserve bank’s decision yesterday to rise the cash rate by another 0.25% – with the possibility of more hikes not ruled out by the bank.The thing about these interest rate rises is that impacts are felt immediately by people with mortgage repayments but the impact on the economy does take a little longer to flow through.We do need to have a strong Reserve Bank but we need a government that makes it easier for the Reserve Bank to do its job. And sadly this last budget was a missed opportunity for the government to take pressure off the government to take pressure off the Reserve Bank. With a senior labour economist saying it’s left the Reserve Bank carrying the can. I think that missed opportunity by the government is enormously important. Continue reading…