Chalmers claims 'sustained progress' against inflation, as government crosses its fingers for rate cut

Politics and Government Politics and Government

Thu, January 30, 2025

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Chalmers claims 'sustained progress' against inflation, as government crosses its fingers for rate cut

^{Published on 2025-01-30 07:00:37 - thenewdaily}

The Albanese government - and the financial markets - would be shocked if the Reserve Bank doesn't cut interest rates in February.

The article from The New Daily discusses Treasurer Jim Chalmers' comments on inflation rates and the upcoming election. Chalmers has expressed concerns about the persistent high inflation rates, which are impacting the cost of living and economic stability. He highlighted that despite some global economic pressures easing, domestic inflation remains a significant challenge. Chalmers emphasized the government's commitment to managing inflation without triggering a recession, a delicate balance that could influence voter sentiment in the next election. He also mentioned the potential for interest rate adjustments by the Reserve Bank of Australia, which could further affect economic conditions. The Treasurer's remarks suggest a cautious approach to economic policy, aiming to reassure the public while navigating through economic uncertainties.

Read the Full thenewdaily Article at:
[ https://www.thenewdaily.com.au/news/politics/australian-politics/2025/01/30/chalmers-inflation-rates-election ]

Contributing Sources

thenewdaily

N@N

Chalmers claims 'sustained progress' against inflation, as government crosses its fingers for rate cut