Jim Chalmers 2022

VIRGINIA TRIOLI, HOST:

Jim Chalmers is the federal Treasurer and the Labor MP for Rankin. Treasurer, good morning.

JIM CHALMERS, TREASURER:

Good morning, Virginia.

TRIOLI:

JIM CHALMERS, TREASURER:

I've asked Murray along to give a bit of an update on the flooding in New South Wales, and then I'm happy to talk about interest rates and inflation and then to take your questions. Over to you, Murray.

MURRAY WATT, MINISTER FOR EMERGENCY MANAGEMENT:

GREG JENNETT, HOST:

Today’s decision by the independent Reserve Bank to increase interest rates by half a percentage point is very challenging news for hardworking Australians already doing it tough.

Mortgage repayments are now eating up a bigger part of already stretched budgets.

JIM CHALMERS, TREASURER:

KARL STEFANOVIC, HOST:

With another natural disaster comes the expensive clean‑up bill, something certain to cause plenty of headaches for Treasurer Jim Chalmers. He joins us now live from Canberra. Treasurer, good morning to you. Thanks for your time this morning. Another nasty natural disaster. People will need support quickly. Will they get it?

LACHLAN KENNEDY, HOST:

PETER STEFANOVIC, HOST:

Let’s go to Canberra. Joining us live is the Federal Treasurer, Jim Chalmers. Treasurer, thank for your time this morning. So, just a little bit more on that news this morning. What does it mean – if natural disasters are declared ‑ what does that mean for flood victims in terms of financials?

JIM CHALMERS, TREASURER:

LISA MILLAR, HOST:

It’s a very big day for the economy, a big day with a possible decision on Reserve Bank interest rates. Let’s bring in the Treasurer Jim Chalmers, who is in Canberra. Good morning to you, Treasurer.

JIM CHALMERS, TREASURER:

Good morning, Lisa.

MILLAR:

KATHARINE MURPHY, HOST:

Jim Chalmers, welcome to the show.

JIM CHALMERS, TREASURER:

Thanks for having me back, Katharine.

MURPHY:

Now, I gather you have very recently had COVID. So why don't we share your experience with the listeners?

CHALMERS: