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America Age > Blog > World > Australia information dwell: Chalmers ‘confident but not complacent’ about inflation forecasts after Might spike
World

Australia information dwell: Chalmers ‘confident but not complacent’ about inflation forecasts after Might spike

Enspirers | Editorial Board
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Australia information dwell: Chalmers ‘confident but not complacent’ about inflation forecasts after Might spike
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Key occasions

Aston Brown has had a take a look at the state of rural media – it’s been hit onerous just lately, and the scenario might worsen:

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On this difficult matter, thinker and educational Rob Wilson says:

We don’t should rush to judgment. However we additionally don’t should withhold it.

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This piece by Deirdre Fidge will make you are feeling each seen and chilly (in case you’re not already) and it fooled my under-caffeinated eyes into studying her surname as “Fridge”:

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Up to date at 18.53 EDT

Michaelia Money continues Coalition assaults on PM over Assange

Karen Middleton

Michaelia Money has additionally criticised Anthony Albanese for holding a information convention on Wednesday night time to mark the discharge from jail and return to Australia of Julian Assange, and telephoning the WikiLeaks writer, on the identical day that month-to-month inflation rose from 3.6% to 4%.

Money mentioned:

You’ll’ve thought the press convention the prime minister referred to as was to inform Australians what he was going to do to ease inflation … Critically, this authorities’s priorities are all unsuitable.

Mr Assange just isn’t a hero. He isn’t a whistleblower. He isn’t a journalist. He’s somebody who has pleaded responsible to espionage. He’s somebody who risked nationwide safety by releasing nationwide safety info.

She mentioned it was “a real reflection on our prime minister” that he lauded Assange’s launch as one in all his authorities’s nice achievements.

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Up to date at 19.12 EDT

Australia information dwell: Chalmers ‘confident but not complacent’ about inflation forecasts after Might spike

Karen Middleton

The shadow legal professional common, Michaelia Money, has adopted Jim Chalmers on Sky Information’ Sunday Agenda program this morning and says Chalmers “doesn’t live in the real world”. Money mentioned:

It’s not inflation, it’s Jim-flation.

She has dismissed the federal government’s cost-of-living aid flowing to households from tomorrow within the type of power rebates and tax cuts:

I don’t know what planet he’s dwelling on. However again in the true world, any Australian who wakes up this morning and goes out to do some purchasing goes to be hit by the tough actuality.

Money refused to say whether or not the Coalition would supply greater tax cuts. She would solely say it could have a “back-to-basics economic agenda”:

All might be revealed previous to the election.

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Up to date at 19.11 EDT

Chalmers ‘confident but not complacent’ about inflation forecasts after Might spike

Australia information dwell: Chalmers ‘confident but not complacent’ about inflation forecasts after Might spike

Karen Middleton

Jim Chalmers says he’s “confident but not complacent” in regards to the authorities’s inflation forecasts within the wake of the shock spike within the month-to-month inflation outcome from 3.6% to 4% for Might, however that “there’s always an element of uncertainty”.

Talking on Sky Information this morning forward of the 1 July begin to power rebates and tax cuts, the treasurer mentioned the problem was to get on high of inflation “without seeing a big blowout in unemployment”:

It doesn’t at all times reasonable in a straight line. It zigs and zags on the best way down and that’s what we’re seeing.

Chalmers mentioned the important thing purpose was to make sure individuals stayed in jobs whereas the federal government tackled inflation:

The Reserve Financial institution and the federal government have gotten an analogous view, which is we’ve obtained to get on high of inflation with out smashing the financial system. That entails a sequence of nice judgments.

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Up to date at 18.42 EDT

Good morning

Morning, all, and welcome to the final day of the 2023-24 monetary yr! Tory Shepherd with you this morning, with the impolite realisation of how far behind I’m on my tax returns.

There’s a lot already on the boil. The treasurer Jim Chalmers has been on the telly and can maintain a press convention a bit later. He was adopted by the shadow attorney-general Michaelia Money. Anthony Albanese and the Greens chief Adam Bandt may even each arise this morning. Keep tuned! To get you began, our high tales this morning embody:

On with the present!

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Up to date at 19.10 EDT

TAGGED:AustraliaChalmerscomplacentConfidentforecastsinflationlivenewsspike
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