Interest rates remain ‘sticky’ amid Treasurer Jim Chalmers’ new budget

Sky News host James Morrow says the interest rates are remaining “sticky” as Treasurer Jim Chalmers’ is set to reveal the next federal budget. “This is the thing, we have seen rates … remain what the economists call sticky,” Mr Morrow said. “They had thought a lot of this was just pandemic related and supply chain related. “But the thing is once you get wage inflation in, it is very hard to get rid of that in the economy. “The big challenge of course is what is going to happen in the budget.”