Treasurer Jim Chalmers has welcomed the Reserve Bank’s cash rate pause but conceded there is more work to be done to address the cost of living crisis.
in what was Philip Lowe’s last decision at the helm of the Reserve Bank.
“We understand that Australians are still under pressure even after this decision today,” he said in Question Time on Tuesday afternoon. “This is our major focus, and we are pleased to see in the most recent inflation data, and in today’s uptake in confidence, that our energy plan is helping.”
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