Inflation challenge ‘will get harder before it gets easier’

Treasurer Jim Chalmers says today’s interest rate rise by the Reserve Bank of Australia was expected.

“The expectation really across the board is that there will be more interest rate rises to come,” he told Sky News Political Editor Andrew Clennell.

“That’s because this inflation challenge in our economy will get harder before it gets easier.

“But that’s the important thing – it will get easier.”