CANBERRA, ACT, March 18 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rates, savings
Sarah Abo:
Well the Reserve Bank is this morning warning a recession may be the only way to drive inflation out of the economy. To discuss, Treasurer Jim Chalmers joins us live now from Canberra. Good morning to you, Treasurer. So, Australia now has the highest interest rates in the Western world. How does that sit with you?
Jim Chalmers:
Good morning, Sarah. You've got to make the full comparison. We've also got stronger economic growth than any major advanced economy, we've got very low unemployment, we've got lower debt than any major advanced economy. You've got to make the full comparison.
I understand th...