CANBERRA, ACT, Sept. 29 -- The Treasurer of Australia issued the following transcript:
James Glenday:
Now, borrowers are bracing for yet another interest rate rise today. With the RBA expected to lift the cash rate to its highest level in almost 15years. Financial markets and economists expect the board to deliver of a quarter‑percentage‑point hike in an effort to address stubbornly high inflation.
Emma Rebellato:
Now, this would be the fourth interest rate hike this year, with no guarantee that households will be spared another one before Christmas. The Treasurer, Jim Chalmers, joins us now live. Treasurer, thanks for joining us.
Jim Chalmers:
Thanks very much, Emma.
Rebellato:
If rates go up today, this would be, as we...