Last week, following the Reserve Bank of Australia’s (RBA) decision to lift the official cash rate (OCR) by 0.25%, Treasurer Jim Chalmers claimed that excessive private sector demand was behind Australia’s high inflation. In a media release directly following the RBA’s decision, Treasurer Chalmers said “the Board’s statement today does not mention government spending. It
The post Jim Chalmers proven wrong on inflation appeared first on MacroBusiness.