RBA ‘smashing the economy’, Chalmers says ahead of soft national accounts figures

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RBA ‘smashing the economy’, Chalmers says ahead of soft national accounts figures

Treasurer Jim Chalmers has said the Reserve Bank is “smashing the economy” with rate rises, in a sudden shift in rhetoric.

His comments come amid weeks of Coalition-fuelled rumours of a rift between the federal government and the RBA over increased public spending contributing to the central banks’ decision last month to hold the official cash rate at 4.35 per cent.

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