Federal Treasurer Jim Chalmers acknowledged Tuesday's interest rate rise would have been a "difficult day" for homeowners and forecast more short-term pain for families struggling with soaring cost-of-living expenses.

"They expected an interest rate rise but that doesn't make it any less difficult to find room in the household budget, which is already getting smashed by other skyrocketing cost of living. like energy prices and grocery prices and the like," Chalmers told Gareth Parker on 6PR Breakfast.

Federal Treasurer Jim Chalmers acknowledged Tuesday's interest rate rise would have been a "difficult day" for homeowners and forecast more short-term pain for families struggling with soaring cost-of-living expenses.
"They expected an interest rate rise but that doesn't make it any less difficult to find room in the household budget, which is already getting smashed by other skyrocketing cost of living. like energy prices and grocery prices and the like," Chalmers told Gareth Parker on 6PR Breakfast.

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

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