RBA needs to meet urgently to cut rates

RBA needs to meet urgently to cut rates | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news RBA needs to meet urgently to cut rates 2025-04-08 The Reserve Bank needs to hold an emergency board meeting to cut interest rates immediately as the Trump tariffs cause a global economic crisis, the Greens say.

“The RBA will cut interest rates at their next meeting, but they should not sit on their hands for another six weeks while the crisis unfolds,” Greens Economic Justice spokesperson Senator Nick McKim said. “CPI is already in the RBA's target band and trending down, and economists are debating the size of the upcoming interest rate cut, not whether or not it will happen.

There is no justification for the RBA to delay.” “People are hurting already, and every week of delay increases the risk of a recession which will hurt Australians even more.” “People are getting smashed everywhere - the supermarket checkout, power bills, health and transport costs. A bit of mortgage relief would ease the pressure on millions of Australians.” “We also need structural cost of living relief like putting dental into Medicare, which we could easily afford to do if we made big corporations pay their fair share of tax.” “If Labor had been prepared to work with the Greens we could have already made this massive legacy change to Medicare.” Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.

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