Albo & Chalmers vs the Reserve Bank – On home grown inflation
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When the Reserve Bank announced on Tuesday that it would be raising rates for the third consecutive meeting by 0.25% to 4.35%, Treasurer Jim Chalmers swiftly took to Twitter (now known as X) to make a case that the RBA was “independent” and that the action was driven by the war in the Middle East.
“Australians are already paying a hefty price for the war in the Middle East and this decision will make it tougher. It will add to the pressure that families and businesses are under at a time of ongoing global instability.“
This is quite a different narrative to when the RBA is cutting rates, where Chalmers claims that is because of the Albanese government.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.