Inside Politics: The Treasurer v The Reserve Bank

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This week’s National Accounts figures showed that GDP growth was the weakest annual figure since the 1990s recession, not counting the pandemic.

Treasurer Jim Chalmers said the soft growth reflected the “impacts of global economic uncertainty, higher interest rates and persistent but moderating inflation”. But Chalmers also seemed to blame the Reserve Bank, saying the RBA is “smashing” the economy with interest rates.

Meanwhile, The Age and SMH exclusively reported this week that Prime Minister Anthony Albanese vented his frustration to his cabinet colleagues over the mishandling of the possible new census questions about gender and sexuality.

Joining Jacqueline Maley to discuss, is chief political correspondent David Crowe, senior economics correspondent Shane Wright, and national affairs editor James Massola.

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