Can the government claim a win from the RBA cut?
February 18, 2025
13 min
1477
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1,562 of 2,041
Episode 1477 · February 18, 2025
Can the government claim a win from the RBA cut?
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The Messy Conservatives Episodes Around February 18, 2025
Episode 1,562 of 2,041 — walk the feed in the order it was published.
13:30This episodeCan the government claim a win from the RBA cut?
Summary
<p>On Tuesday afternoon, the Reserve Bank cut the official cash rate to 4.1 per cent.</p> <p>It’s the first interest rate cut since 2020, after 13 consecutive hikes between May 2022 and November 2023.</p> <p>Treasurer Jim Chalmers welcomed the cut, saying it's a relief “Australians need and deserve”.</p> <p>But RBA governor Michelle Bullock has warned not to expect further cuts and given the impact on mortgage repayments will be modest, how much political mileage the government can get out of this remains to be seen. </p> <p>Today, managing editor of <em>The Saturday Paper </em>Emily Barrett on what the Reserve Bank’s decision tells us about the state of the economy and how it will shape the looming election campaign. </p> <p> </p> <p><strong>Socials:</strong><strong> </strong>Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">X</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a></p> <p><strong>Guest:</strong> Managing editor of <em>The Saturday Paper,</em> Emily Barrett</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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