CANBERRA, ACT, March 18 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rate hikes, rising fuel costs, capital gains tax discount
James Glenday:
Now the Treasurer, Jim Chalmers, says he is not expecting a recession and that is despite the Reserve Bank warning that it may be a possibility in a bid to rein in inflation exacerbated by rising fuel costs and the war in Iran.
The Treasurer joins us now from Canberra. Jim Chalmers, welcome back to News Breakfast.
Jim Chalmers:
Thanks very much, James.
Glenday:
First of all, I think there will be a lot of people waking up this morning to a note from their bank saying that their interest rate is going up on their mortgage. What's your message to famili...