Inflation: Chalmers Blames Demand, Not Spending

Treasurer Jim Chalmers attributes inflation in Australia to strong private demand and the Middle East conflict, not government spending. The Reserve Bank raised interest rates, with a narrow vote. Chalmers promises more budget cuts to combat inflation. Economists warn of potential oil price surge, threatening a global slowdown and rethink on interest rates to prevent recession. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/663c5c2f492dfc73