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How treasurer can take heat off RBA in his next budget
TREASURER Jim Chalmers is being urged to give Reserve Bank governor Michele Bullock a hand in her fight against inflation by cutting spending and introducing productivity-boosting reforms in the upcoming federal budget. The RBA was forced to hike interest rates on Tuesday to get inflation under control, just six months after its last cut. Ms Bullock was careful not to shift the blame onto the government, but she hopes Dr Chalmers will do two things in the May budget to help her out. Essentially, the RBA’s drastic volte-face was driven by the economy’s speed limit being co
