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The Guardian - AU
The Guardian - AU
National
Peter Hannam Economics correspondent

Greens may bristle at comparison but their RBA interest rate cut ultimatum is Trumpist

Greens senator Nick McKim at a press conference at Parliament House
Senator Nick McKim, the Greens’ economic spokesperson, whose party says they will not support RBA reforms until or unless interest rates fall. Photograph: Mick Tsikas/AAP

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.

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