RBA Governor ‘standing in the way’ of the Treasurer’s desire for a rate cut

Treasurer Jim Chalmers has “one person standing in the way” of his desire for a rate cut, says DPG Advisory Solutions Founder and Director David Gazard.

“The reality is that he has one person that’s standing in the way of his government and a rate cut – and that is the RBA Governor,” he told Sky News Australia.

“She (Michele Bullock) has said she’s looking through the rebates.”

[Ron-if]

Stay true Ms Bullock, the people need you. Thanks 😊🇦🇺⚘️

[donendusted]

The only light at the e d of the tunnel is when this Labor government is out of our lives.

[Ron-if]

The IMF report just out puts Australian inflation at 6.2%. Charmers want to SAY 2.8% to try and force the reserve bank to lower interest rates so he and albo look good before an election. Michelle stay true to the people, we need you 😊🇦🇺

[normcruizycampers]

Infaltion is not at 2.8%, take away the rebates and handouts and will have the true figures.

[Deano]

She’s trying to look after the economy….not Jim and albos job

[KIA-MIA-POW]

It would appear the RBA is maintaining its apolitical position.

[KingsleyThomson-jw]

Albo and Grim Jim got rid of Phillip Lowe and appointed Michelle Bullock unfortunately for them they can't bully or manipulate her to do what they want!😢

[harrysoothsayer]

Rate cut a disaster - hyper inflation if there is a cut

[killbotone]

This has nothing to do with the US election.

[Averageperson]

Why doesn't the RBA just do another rate hike so Albo and Dim sim Jim can be voted out next year.

[matthewflinders]

Jim is stopping any rate cuts by spending borrowed money/increasing DEMAND in the economy.🤷🏻

[Nathan-vqch]

Going on a spending spree with $3.85c that's going 2 get me far

[MarieGregory-ue]

Don’t believe that about inflation, many others won’t either,

[matthewflinders]

Jim’s excessive DEMAND SPENDING is causing inflation and keeping rates up.

[Geoffreymcguiness]

Psst hey treasurer..stop spending like a kid in a lollies shop ..pretty obvious

[rexmotha]

She make more than million dollar salary.
So care any other.

[micphoenix]

Bad government policy causes rapid inflation...which then apparently can only be effectively reduced by making people pay increasingly higher mortgage repayments to the banks.