>* The Greens are demanding the Treasurer order an immediate RBA interest rate cut as a new condition for supporting reform of the central bank.
>* Treasurer Jim Chalmers is very unlikely to support the Greens’ rate cut demand, so the demand effectively kills the bill.
>* Labor may decide to shelve its reforms even as it gives the crossbench “time” to consider changes that were rejected by the Coalition.
2204happy on
so basically the greens are demanding an end to the independence of the central bank?
what a great idea, I’m sure nobody has ever tried that before to devastating consequence
dleifreganad on
Nick McKim showing why the RBA needs to be independent from government
3 Comments
>* The Greens are demanding the Treasurer order an immediate RBA interest rate cut as a new condition for supporting reform of the central bank.
>* Treasurer Jim Chalmers is very unlikely to support the Greens’ rate cut demand, so the demand effectively kills the bill.
>* Labor may decide to shelve its reforms even as it gives the crossbench “time” to consider changes that were rejected by the Coalition.
so basically the greens are demanding an end to the independence of the central bank?
what a great idea, I’m sure nobody has ever tried that before to devastating consequence
Nick McKim showing why the RBA needs to be independent from government