Jim Chalmers 2022

Peter Fegan:

James Glenday:

Let’s bring in the federal Treasurer Jim Chalmers who has been extremely busy since yesterday. Jim, good morning.

Jim Chalmers:

Good morning, James.

Glenday:

You’re back in Logan. Did you head down to the tavern and celebrate last night?

Chalmers:

Sally Sara:

The federal Treasurer Jim Chalmers is my guest this morning. Treasurer, welcome back to Breakfast.

Jim Chalmers:

Thanks for having me back, Sally.

Sara:

Will this rate cut be enough to get the government, get Labor across the line in the upcoming election in your view?

Natalie Barr:

Now the RBA has officially pulled the trigger, delivering much needed relief in the form of a rate cut for millions of Aussies. The decision, driven by easing inflation, saw the cash rate drop by 0.25 of a per cent.

Matt Shirvington:

Karl Stefanovic:

Well, homeowners across Australia are this morning celebrating the first rate cut in 4 years, which will see interest on home loans by $4 billion a year. We’re joined now by Treasurer, Jim Chalmers, live in Logan, Queensland.

Jim, good morning to you. So does one rate cut save your bacon or what?

Peter Stefanovic:

Joining us live now is the Treasurer, Jim Chalmers. Treasurer, good morning to you, thank you for your time. So on average roughly 100 bucks comes off about $1,500 a month that punters have had to endure from all of those rate rises. It’s good but it’s a snip. So has the damage already been done?

Sarah Ferguson:

Treasurer, welcome to 7.30.

Jim Chalmers:

Thanks very much, Sarah.

Ferguson:

This is unquestionably a big moment, the Governor said today the decision to cut the cash rate was not a laid down misère. How much were you sweating the decision?

Chalmers:

Jim Chalmers:

Today, the independent Reserve Bank decided to cut the cash rate to 4.1 per cent. This is very welcome news for millions of Australians. This is the rate relief that Australians need and deserve.

We know that it won’t fix every challenge we have in our economy or in household budgets, but it will help.

Today the independent Reserve Bank of Australia Board decided to lower the cash rate by 25 basis points to 4.10 per cent.

This is very welcome news for millions of Australians.

This is the rate relief Australians need and deserve.

It won’t solve every problem in our economy or in household budgets but it will help.

Jim Chalmers: