According to Jin10, after the Reserve Bank of Australia raised interest rates, Australian Treasurer Jim Chalmers wrote on social media that the RBA’s decision today had long been anticipated by markets, but that did not ease pressure on households and businesses. He said the news was difficult for many Australians to accept, as they were already paying a heavy price for external factors beyond their control. “We will take responsibility for our part in fighting inflation. While introducing relief measures, we are also working to find ways to save spending.”