CANBERRA, ACT, Aug. 12 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rates decision, productivity, Economic Reform Roundtable, Australia to recognise Palestinian state
Denham Hitchcock:
Jim Chalmers joins us from Canberra tonight. Treasurer, thanks for your time. Gee, you must have been happy when you got that news.
Jim Chalmers:
It was a pretty welcome decision by the Reserve Bank because it means more money in the pockets of millions of Australians who are still under pressure. It also means 3 interest rate cuts in the space of 6months. The lowest interest rates in more than 2years now. We know we've got more work to do, but it's a really good bit of recognition of the progress that we've mad...