00:02Jim Chalmers is pinning this rate hike as much as he can on the war.
00:07And there's no doubt it's pummeling the economy.
00:09But the Reserve Bank Governor made clear this decision isn't just about the ongoing oil
00:14shock.
00:15Inflation was already running too hot before this even began.
00:19And one week out from the budget, Michelle Bullock has delivered a rare blunt warning.
00:24More cash for households to help deal with this pain will only make her job more difficult.
00:31She's put the Government on notice.
00:33Now the Treasurer is insisting this will be a responsible budget.
00:36More savings than new spending and significant cuts have already been announced.
00:41But some sort of handout for wage earners does appear to be in play as part of a broader reform
00:47to wind back property tax breaks for investors.
00:50The Government is well aware it will be hammered at this point for anything that fuels another
00:56rate hike.
00:57The Government is a better marketer than the negotiations for you to come into it.
00:58But make sure that the government is not any of the residents' Lee.
01:00The government is a better marketer for the business.
01:00Now the government is a better marketer than the government.
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