Jim Chalmers 2022

Karl Stefanovic:

Jim, good morning. Nice to see you. Looks like you just got out of the shower my man.

Jim Chalmers:

A couple of hours ago, Karl. Good morning. How are you?

Stefanovic:

The Coalition is taking a bath this morning. I mean, could you get more lucky?

Chalmers:

Sabra Lane:

Jim Chalmers, you’ve welcomed the Reserve Bank’s decision, but you acknowledged yesterday it doesn’t mean the job is finished on cost‑of‑living pressures. What more can you do?

Jim Chalmers:

James Glenday:

We’re joined now by the Treasurer, Jim Chalmers.

Good morning, Treasurer. Welcome back to News Breakfast.

Jim Chalmers:

Thanks very much, James.

Glenday:

Jim Chalmers:

Today, the independent Monetary Policy Board of the Reserve Bank decided to lower the cash rate once again.

Today the independent Reserve Bank of Australia Monetary Policy Board decided to lower the cash rate again for the second time in three months.

This quarter of a percentage point cut brings the cash rate to 3.85 per cent.

This is very welcome relief for millions of Australians.

The Albanese Government welcomes the Productivity Commission’s call for submissions on priority reform areas released today.

We’re determined to make Australia’s economy more prosperous and productive and this work from the PC is an important part of that process.

Ali France:

It will come as no surprise to anyone here that cost of living is the biggest issue for people in my electorate of Dickson, paying the bills has been a real struggle. Labor went to the election with a really great plan to address cost‑of‑living issues and part of that was supporting wage increases.

The Albanese Labor Government is backing another pay rise for low‑paid workers to help with the cost of living.

Our economic plan is all about ensuring Australians earn more and keep more of what they earn.

The Albanese Labor Government continues to deliver more jobs, with ABS Labour Force data today showing a record number of Australians in paid work and unemployment remaining low.

It is the only time since records began that the unemployment rate has been in the low 4s concurrently with headline and underlying inflation in the RBA’s target band.

Rowan Holzberger:

Thanks for coming. My name’s Rowan Holzberger, I’ve just been elected as the Member for Forde, where we are today, and Jim, thank you very much for asking me to come along with you today and holding this press conference in Forde.