CANBERRA, ACT, July 8 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Reserve Bank interest rate decision, Reform Roundtable, wages policies, US tariffs, global uncertainty, diplomatic relationship with China
Jim Chalmers:
Today as you know the Reserve Bank left interest rates on hold.
This is not the outcome that millions of Australians were hoping for or the outcome that economists or the market was expecting.
I don't second‑guess decisions taken independently by the Reserve Bank. It's a good thing that the Governor has the opportunity later on today to run the country through the Board's thinking in coming to that decision.
I don't second‑guess decisions taken independently by the Bank or ...