CANBERRA, ACT, July 9 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: RBA interest rates decision, US tariffs announcement, Prime Minister's trip to China
SteveCannane:
Well, the fallout from the Reserve Bank's decision to keep interest rates on hold at 3.85percent continues this morning. The decision from the RBA Board, which was not unanimous, comes as the bank says uncertainty in the world economy remains elevated. And as for uncertainty, in developments overnight, DonaldTrump says he'll soon announce tariffs on imported pharmaceuticals, which could reach 200percent.
Joining me now is the Treasurer, JimChalmers. Treasurer, good morning.
JimChalmers:
Thanks very much, Steve. Good morning.
Cannane:
Th...