CANBERRA, ACT, May 20 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rates decision, global economic uncertainty, energy rebates, better targeted superannuation concessions, the Coalition.
Jim Chalmers:
Today, the independent Monetary Policy Board of the Reserve Bank decided to lower the cash rate once again.
This is the second interest rate cut in the last 3months. This is very welcome relief for millions of Australians. We are really pleased to see more help is on the way for working families with a mortgage, and that's what this decision today is all about. It does reflect the very substantial and sustained progress that we've made together on inflation in our economy, and it also recognises t...