CANBERRA, ACT, Feb. 3 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rates, inflation, cost-of-living relief, Coalition chaos
Sarah Ferguson:
The Treasurer, Jim Chalmers, joins me now from Canberra. Treasurer, welcome.
Jim Chalmers:
Thanks, Sarah.
Ferguson:
You were so confident in your ability to manage the economy in a way to keep interest rates down. What went wrong?
Chalmers:
Well, what we've seen in recent inflation data is that it's come in not that much higher than we were expecting, but higher than we would like. We've been upfront about that. We know that people are under pressure and this interest rate decision today will put people under more pressure. We acknowledge that, too.
B...