Australian Treasurer Chalmers: The worst of the inflation challenge is well and truly behind us

Australian Treasurer Jim Chalmers said on Wednesday, “the worst of the inflation challenge is well and truly behind us.”

He noted further that “the soft landing we have been planning and preparing for is looking more and more likely.”

Market reaction

AUD/USD was last seen trading at 0.6229, down 0.30% on the day.