CANBERRA, ACT, Feb. 4 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: RBA rate rise, inflation figures, price of average mortgage
Steve Austin:
But as you know, inflation is likely to remain above target for some time, according to the Governor of the Reserve Bank. Treasurer- federal Treasurer, Jim Chalmers, says it was private demand, not government spending, that was the catalyst for the higher inflation. This means that what you pay, sometimes called the Consumer Price Index, is going to rise above 4percent in a few months' time.
Treasurer Jim Chalmers told ABC TV last night that he thinks the federal Budget is being well managed. He joins me now. Jim Chalmers, morning to you.
Jim Chalmers:
How are yo...