Federal Treasurer Jim Chalmers warns of budget outlook, rising New Zealand inflation points to even bigger interest rate hikes
New Zealand’s new inflation figures sound a warning that the worst of price and rate hikes is yet to come, says Australia’s federal treasurer as he warns Australians to prepare for budget update “facing” next week. Key points: New Zealand inflation has risen again, to 7.3% over the 12 months to June, while Australia’s CPI …