Jun 28, 2026 – 5.47pmTreasurer Jim Chalmers says the inflation outlook is more optimistic than thought at the start of the war against Iran and, while insisting on the independence of the Reserve Bank of Australia, has noted market expectations for an interest rate rise have eased.At the same time, NSW Premier Chris Minns, who has been critical of the federal government’s economic management, said the Labor Party as a whole needed to focus on growing the economy, rather than just hiking taxes to fund its big spending plans.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Slowing inflation reduces need for another rate hike, hints Chalmers
The treasurer says the outlook for price rises is more optimistic than what was thought at the start of the war against Iran. Economists disagree.
110 words~1 min read
