This seems pretty wtf.
What sort of precedent do they want to set? Whether or not you embrace neoliberal ideology political interference with monetary policy has not typically gone well, no matter what or whom you want to blame for that.
Am I missing something, or are they just going off the rails here?
The official rate doesn’t matter anymore anyway. The banks are usually way above the official rate. Scavenging psychopaths.
And it has been proven repeatedly that mortgaged up home owners aren’t the ones spending, and that most of the inflation hike we have experienced is run-away corporate greed.
If politicians can dictate to the RBA idiots like Morrison would have dropped the rate just to win an election and what do you think the chances of the new government raising them?
It would be a disaster and we would be running at Argentinian levels of inflation very quickly
Is the RBA perfect with 20/20 foresite? No
Is it better than having politicians running the levers to suit their short term agendas? Fuck yes
This is Pauline Hanson levels of stupidity from the Greens. I had hoped they would be much better than this.
This is bonkers. The RBA needs to be independent.
Yeah, I don’t think they’re onto a winner with this one. I could be wrong, though. People are hurting with interest rates where they are.
Maybe this should be interpreted as simply sending a message that the Greens know the pain mortgage-payers are feeling. Staking such an unorthodox position means that it grabs headlines and that message reaches people.
Who in the greens to I email to explain how utterly outrageous and stupid this demand is?
Jesus christ they’ve gone hexbear
