Australian Greens
The RBA should call a meeting immediately to cut interest rates, the Greens say.
"Inflation 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," Greens Economic Justice spokesperson Senator Nick McKim said.
"But there is no need to wait that long. Most of the country is back at work - the same should apply to the RBA Board."
"The latest CPI of 2.4% is well within the RBA's target band of 2-3%."
"People are being smashed by needlessly high interest rates and the RBA needs to act immediately."
"This current high interest rate cycle has been hugely damaging to so many people through higher rents and higher mortgages. It needs to end now."
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