CANBERRA, ACT, May 21 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rate cuts, Coalition split, UK and Israel, growth, productivity
Jim Chalmers:
Really good news in the economy this week with interest rates being cut for the second time in 3months. This is really welcome relief for millions of Australians with a mortgage. We know that there's a lot of global economic uncertainty. We know that people are still under pressure.
That's why the primary focus of this government, just like it was in the first term, just like it was in the campaign, will be continuing to provide stable, responsible, considered methodical economic leadership, because that responsible economic management has seen inflati...