Australia news live: Chalmers defends record as RBA’s cash rate decision due

AI Summary

Australia’s treasurer, Jim Chalmers, is defending the government’s record as the Reserve Bank of Australia prepares to announce its cash-rate decision. Greens leader Larissa Waters is also stepping down, saying her worsening kidney disease means she needs to leave the role.

Follow the day’s news live Get our breaking news email, free app or daily news podcast Besides the RBA decison at 2.30pm, the other big political story of the day is that Larissa Waters is standing down as Greens leader. She said last night that a kidney disease she has been managing has recently worsened and that she needs to stand down. We have a lot going for us and we’ve got a lot of work to do to make sure that in these difficult global circumstances Australia continues to out-perform the world. We have a big inflation challenge in our economy. It’s made much worse by decisions taken on the other side of the world. Continue reading...