Treasurer Jim Chalmers hails RBA’s first rate cut since pandemic as federal election looms – video​on February 18, 2025 at 5:40 am

The federal treasurer, Jim Chalmers, has welcomed the RBA’s rate cut, saying it is ‘relief that Australians need and deserve’ and claiming it as vindication for the government’s economic plan. ‘Under this Labor government, inflation is down, wages are up, unemployment is low and now interest rates are falling as well. This is the soft landing we have been planning for and preparing for but we can’t be complacent about the months and years ahead,’ Chalmers said.RBA slashes interest rates to 4.1% in its first cut since the early days of the pandemic Continue reading…The federal treasurer, Jim Chalmers, has welcomed the RBA’s rate cut, saying it is ‘relief that Australians need and deserve’ and claiming it as vindication for the government’s economic plan. ‘Under this Labor government, inflation is down, wages are up, unemployment is low and now interest rates are falling as well. This is the soft landing we have been planning for and preparing for but we can’t be complacent about the months and years ahead,’ Chalmers said.RBA slashes interest rates to 4.1% in its first cut since the early days of the pandemic Continue reading…   Treasurer Jim Chalmers hails RBA’s first rate cut since pandemic as federal election looms – video | Interest rates | The Guardian

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