Treasurer says Strait of Hormuz blockage a 'key uncertainty' for the government

The Reserve Bank has hiked interest rates for the second time this year - bringing the cash rate to 4.1%. The most recent data had inflation running at an annual rate of 3.8%, but with the conflict in the middle east pushing up energy prices, there are expectations inflation will go higher.  GUEST: Jim Chalmers, Treasurer PRODUCER: Isadora Bogle