The RBA should call a meeting immediately to cut interest rates, the Greens say.<\/p>\n\n\n\n
\u201cInflation is coming down rapidly, markets are pricing in a rate cut, and it appears inevitable that rates will be cut when the RBA board meets next month,\u201d Greens Economic Justice spokesperson Senator Nick McKim said.
\u201cBut there is no need to wait that long. Most of the country is back at work – the same should apply to the RBA Board.\u201d
\u201cThe latest CPI of 2.4% is well within the RBA’s target band of 2-3%.\u201d
\u201cPeople are being smashed by needlessly high interest rates and the RBA needs to act immediately.\u201d
\u201cThis current high interest rate cycle has been hugely damaging to so many people through higher rents and higher mortgages. It needs to end now.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The RBA should call a meeting immediately to cut interest rates, the Greens say. \u201cInflation is coming down rapidly, markets are pricing in a rate cut, and it appears inevitable that rates will be cut when the RBA board meets next month,\u201d Greens Economic Justice spokesperson Senator Nick McKim said. \u201cBut there is no need … Continue reading “RBA needs to meet now to 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-31118","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\/31118","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=31118"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31118\/revisions"}],"predecessor-version":[{"id":31119,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31118\/revisions\/31119"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=31118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=31118"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=31118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}