Australian Treasurer Chalmers: Remains to be seen if more rate hikes are needed

Australian Treasurer Jim Chalmers made some comments on the interest rates and inflation outlook, during his speech on Tuesday.

Additional quotes

Remains to be seen if more rate hikes are needed.

Inflation is moderating but is still a major concern.

China's economic slow down a concern for Australia.

Market reaction

At the time of writing, AUD/USD is holding gains near 0.6825, adding 0.18% so far.