Inside the Greens' interest rate demands

<p>The Reserve Bank should lower interest rates, and if they don’t, the government should make them, according to the Greens.</p><p>Their spokesperson for economic justice Nick McKim has said he won’t support the government's reforms to the RBA unless the treasurer intervenes in the bank’s decision-making processes and tells them to lower interest rates. </p><p>It’s a big demand: something that has never happened before and is unlikely to now, with Labor saying the Greens are “out of control”.</p><p>And there is also unrest within the Greens about the position, with some concerned the demands go too far at a time when the party is looking to make itself a viable alternative to the two major parties at the next election.</p><p>Today, national correspondent for <em>The Saturday Paper</em> Mike Seccombe on just how independent the Reserve Bank is and what the Greens are playing at. </p><p><br /></p><p><strong>Socials: </strong>Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a></p><p><strong>Guest:</strong> National correspondent for <em>The Saturday Paper</em> Mike Seccombe</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>