CANBERRA, ACT, Sept. 29 -- The Treasurer of Australia issued the following transcript:
Natalie Barr:
Well, economists are all but certain interest rates will hit their highest level in 15years after the RBA meets today, and many are laying blame at parliament's door. But Treasurer Jim Chalmers has shot down claims government spending is responsible for stubbornly high inflation, instead pointing to the Iran war. It comes as the average Aussie mortgage holder prepares to pay an extra $100 a month while home values plummet. For more, we're joined by Treasurer Jim Chalmers. Good morning to you. Now, you've blamed the war in the Middle East for our soaring inflation, but government spending has climbed to 26.9percent of GDP. That is the highe...