Greens may bristle at comparison but their RBA interest rate cut ultimatum is Trumpist
by Peter Hannam Economics correspondent from World news | The Guardian on (#6QY2R)
No government institution is entirely at arm's length, but an intervention by Jim Chalmers would likely be calamitous
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
The Greens may bristle at the comparison, but their demand for the treasurer, Jim Chalmers, to order the Reserve Bank to cut interest rates now is Trumpist.
Nick McKim, the Greens' economic spokesperson, says his party won't support the Albanese government's RBA reforms unless or until interest rates fall. Given the central bank governor, Michele Bullock, has repeatedly said a cut to its cash rate is unlikely in the near term, Chalmers must use his existing powers to make it happen.
Sign up for Guardian Australia's breaking news email
Continue reading...