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'Quicker than expected': Jim Chalmers responds to first rate cut in five years
The RBA board has officially cut the cash rate by 25 basis points to 4.10 per cent.
The Federal Treasurer Jim Chalmers told Peter Fegan on 4BC Breakfast, "It means that millions of Australians will get the rate relief that they need and deserve after all
this progress that we've made together on inflation."
"But we know that the cost of living pressures are still there, they haven't all of a sudden disappeared overnight, but this rate cut will help a lot of people," The Treasurer continued.
See omnystudio.com/listener for privacy information.
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By 4BCThe RBA board has officially cut the cash rate by 25 basis points to 4.10 per cent.
The Federal Treasurer Jim Chalmers told Peter Fegan on 4BC Breakfast, "It means that millions of Australians will get the rate relief that they need and deserve after all
this progress that we've made together on inflation."
"But we know that the cost of living pressures are still there, they haven't all of a sudden disappeared overnight, but this rate cut will help a lot of people," The Treasurer continued.
See omnystudio.com/listener for privacy information.