“Treasurer Jim Chalmers\u2019 active inflation agenda has ensured that the trajectory of interest rates is upwards while the rest of the world is headed downwards\u201d, said Shadow Treasurer, Tim Wilson today.<\/p>\n\n\n\n
Mr Wilson\u2019s comments follow the announcement of the Reserve Bank of Australia today to increase rates by a quarter of a percent from 3.85 per cent to 4.1 per cent.<\/p>\n\n\n\n
\u201cTwelve months ago the Treasurer said Australia had turned the corner on inflation and interest rates, but ABS data shows that the Treasurer doesn\u2019t understand that by pouring debt petrol on the inflation fire he is stoking it\u201d, Mr Wilson said.<\/p>\n\n\n\n
\u201cThe Treasurer will blame international factors, but Australia\u2019s inflation problem was reported in the December data from Canberra, not March in Tehran\u201d.<\/p>\n\n\n\n
\u201cJim Chalmers’ job was to put out the inflation fire, by keeping it alight it means Australia will be doubly hurt\u201d.<\/p>\n\n\n\n
\u201cAustralians are living the consequences of the Treasurer’s inflation denial. When Australians pay their mortgage or go to the supermarket, they feel the consequences of Jim Chalmers\u2019 active inflation agenda whether he acknowledges it or not\u201d.<\/p>\n\n\n\n
\u201cThe rest of the developed world has experienced declines in inflation and interest rates, Australia is a standout in having rates rising before the outbreak of the Iranian conflict\u201d.<\/p>\n\n\n\n
\u201cUnder Jim Chalmers, living standards have gone backwards, uniquely in the developed world. And with inflation outstripping wages, and costs continuing to rise Australians don\u2019t have to ask if they\u2019re getting poorer \u2013 they\u2019re living it\u201d.<\/p>\n\n\n\n
\u201cWith the Federal Budget less than two months away, Australians are getting poorer and the only response from Jim Chalmers is inflation, higher interest rates and new taxes\u201d.<\/p>\n\n\n\n
\u201cAustralians desperately need hope, and that will only come with a change of government that stops pouring debt petrol on the inflation fire\u201d, Mr Wilson said.<\/p>\n","protected":false},"excerpt":{"rendered":"
“Treasurer Jim Chalmers\u2019 active inflation agenda has ensured that the trajectory of interest rates is upwards while the rest of the world is headed downwards\u201d, said Shadow Treasurer, Tim Wilson today. Mr Wilson\u2019s comments follow the announcement of the Reserve Bank of Australia today to increase rates by a quarter of a percent from 3.85 … Continue reading “Chalmers\u2019 inflation denial has turned the trajectory to higher interest rates”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-38010","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=38010"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38010\/revisions"}],"predecessor-version":[{"id":38011,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38010\/revisions\/38011"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=38010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=38010"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=38010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}