The Reserve Bank\u2019s failure to bring down interest rates puts the ball squarely in Treasurer Jim Chalmers\u2019 court to act, the Greens say.<\/p>\n\n\n\n
\u201c<\/strong>Jim Chalmers has said the Reserve Bank is smashing the economy, but now he has a clear choice: let them keep doing it or finally use powers available to him to bring rates down,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said.<\/p>\n\n\n\n \u201cDr Chalmers could use either fiscal or monetary policy to bring down inflation and he\u2019s currently choosing neither.\u201d<\/p>\n\n\n\n \u201cIf the Treasurer is serious about wanting to bring inflation down and ease interest rate pain, he needs to step up with real, concrete action: tax corporate super-profits, clamp down on corporate price-gouging, and freeze rents.\u201d<\/p>\n\n\n\n \u201cHe could also use the Section 11 powers to directly override the high interest rates that he says are \u2018smashing the economy\u2019.\u201d<\/p>\n\n\n\n \u201cLabor cannot keep standing on the sidelines and let people continue to suffer.\u201d<\/p>\n\n\n\n \u201cDr Chalmers has the power to bring relief to those who badly need it – he just needs to show some courage.\u201d \u201cLabor is watching the Reserve Bank drive people to the wall and doing nothing.”<\/p>\n","protected":false},"excerpt":{"rendered":" The Reserve Bank\u2019s failure to bring down interest rates puts the ball squarely in Treasurer Jim Chalmers\u2019 court to act, the Greens say. \u201cJim Chalmers has said the Reserve Bank is smashing the economy, but now he has a clear choice: let them keep doing it or finally use powers available to him to bring … Continue reading “Chalmers must do what the RBA won\u2019t and cut rates”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-29234","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/29234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=29234"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/29234\/revisions"}],"predecessor-version":[{"id":29235,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/29234\/revisions\/29235"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=29234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=29234"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=29234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cLabor can criticise the Greens all they want, but they are in government and their policies and inaction have put Australia in a per capita recession.\u201d<\/p>\n\n\n\n