CANBERRA, ACT, Feb. 8 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: role of government spending in RBA rate hike, tax reform in the upcoming Budget, challenges to social cohesion
David Speers:
Treasurer JimChalmers, welcome to the program.
JimChalmers:
Thanks very much, David.
Speers:
So, when rates went up on Tuesday, you said government spending was not a factor in the decision. Was it a factor?
Chalmers:
Well, David, our political opponents and their acolytes are deliberately and dishonestly trying to conflate 2 different things. The idea that public demand is part of aggregate demand is not contested by me or by anyone. The question isn't whether public demand can create inflationary pressures; ...