Inflation reduction paves way for Election
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A beaming Treasurer Jim Chalmers fronted a presser in Melbourne to talk up the economy after a good result on the rate of inflation.
The critical issue of mortgage stress dragging on the economy has been a sticking point for the Government, and the critical Inflation “Trimmed” figure of 3.2% gives the RBA the opportunity of reducing interest rates.
This is one of the best gifts that could be given to a rattled Prime Minister who has been looking for some good news on which to build a successful re-election campaign.
The Opposition meanwhile can still point to the cost of living as a criticism of the Government.
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