‘Welcome news’: Jim Chalmers discusses RBA rate cut

Treasurer Jim Chalmers has welcomed the Reserve Bank of Australia's first rate cut since 2020.

The Reserve Bank of Australia has cut interest rates by 25 basis points – taking the official cash rate to 4.1 per cent.

“This is very welcome news for millions of Australians,” Mr Chalmers said during a media conference on Tuesday afternoon.

“It’s a demonstration of the progress Australians have made together in this fight against inflation.

“We know that there is more work to do.”

[MVWDC]

You’ve done nothing charmers . Don’t even try and claim credit for this!!

[sturod]

Chalmers claiming the interest rate cut is his doing but disowning the 12 rises beforehand. Yeah, nah.

[gunga]

And look just like Clock work he is front and centre patting himself on the back What a joke

[listey]

Election announcement imminent and let's vote them out ASAP

[asifulzead]

Wohoo nice ...home prices will go even higher with million more immigrants inbound.

[jimmycook]

Remember folks it's a fine line between governing and dictating.
You decide 🇦🇺 Australia.

[diannemuhling]

Independent 😂😂😂 what did labor do to make this happen.. Is the RBA now a labor lapdog

[speedymccreedy]

After 13 interest rate rises, some at 0.5%, Chalmers is overjoyed, the rest of Australia, no.

[ricky]

.25% when everything else has doubled... government employees increased by thousands doesnt mean real jobs

[wongnaichungrd]

The gormless Dr Chalmers! Economically clueless and completely out of touch with the problems of everyday Australians impacted principally through his inept policies!

[truefactjack]

You've only got 11 more to go mate enough is enough this government's got to go Australians can't afford another four more years

[nevermind]

The Australian Citizens have done the hard work not The Government.

[Ekalbone]

Interest rates are falling 😮 this guy is delusional.

[Cupcakemummy]

great it knocks off $63....a month, still playing $947 more then i should

[spinemu]

I note “ the independent RBA” what a loan of frogshit you flog

[Cobber]

One Rate Cut will not change a thing or my mind lol i will never vote for Labor 👍

[pookeyhutchison]

Sorry Jim you do not own this . 12 rate rises in a row under you and honestly you are all toast .

[elisheva]

I must be shopping in the wrong supermarkets as inflation on food keeps rising. Why is gold prices rising on weekly basis? Printing billions of dollars and paying billions in welfare for millions of migrants will not bring inflation down.

[joelheidrich]

What exactly have you done to stem inflation? The general public suffered and the speech is nothing more than how good are we….

[ian-ff]

Great, borrowers can borrow another 50, 000. Thats going to help house prices. Sorry Jim, no good news here.