CANBERRA, ACT, May 21 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Reserve Bank interest rate decision, housing, effects of US tariffs
Sabra Lane:
Jim Chalmers, you've welcomed the Reserve Bank's decision, but you acknowledged yesterday it doesn't mean the job is finished on cost‑of‑living pressures. What more can you do?
Jim Chalmers:
Good morning, Sabra. Well, this is really good news that the Reserve Bank's cut interest rates now for the second time in 3months. It's very welcome relief for millions of Australians with a mortgage but we know that there's still a lot of uncertainty in the global economy. We know that people are still under pressure and that's why the cost‑of‑li...