Chalmers embarrassed as RBA Governor blames government spending on inflation

News24 host Sharri Markson reacts to yet another interest rate rise, declaring “it’s government spending that’s to blame” as Treasurer Jim Chalmers deflects to the war in the Middle East. “The Treasurer gave a press conference this afternoon and opened by emphasising how the war in the Middle East was responsible for the rising rates,” Ms Markson said. “It was a statement almost immediately contradicted by the governor Michele Bullock.”