Politics with Michelle Grattan
News:Politics
The Australian economy is growing slowly, with people not opening their purses and businesses uncertain about the future.
The Reserve Bank has cut interest rates three times this year - the official cash rate is currently at a historic low of 0.75%. Many are arguing monetary policy has run its course, and fiscal stimulus is needed. This week’s Essential poll shows voters tend to think so as well, with 56% agreeing that stimulating the economy should be prioritised over getting back to budget surplus.
The Morrison government, however, is reluctant to do anything impinging on the projected surplus, which has become a political icon for it.
How long can the government maintain this position if the growth numbers don’t improve? And does action need to be taken now? Joining Michelle Grattan to talk about these issues is Ross Gittins, economics editor of the Sydney Morning Herald.
Additional audio:
A List of Ways to Die, Lee Rosevere, from Free Music Archive.
Image:
AAP/ Mick Tsikas
Politics with Michelle Grattan: James Paterson on prospects for passage of the government's deportation bill
Politics with Michelle Grattan: Anne Summers says we need much more information on male perpetrators of violence against women
Politics with Michelle Grattan: Economist Chris Richardson on recent economic data and whats in store for the upcoming budget
Politics with Michelle Grattan: Independent MP Dai Le on the church attack in her electorate
Politics with Michelle Grattan: Josh Burns on being a Jewish MP during a terrible conflict
Politics with Michelle Grattan: Andrew Leigh on competition - economic and political
Politics with Michelle Grattan: Kim Beazley on Kevin Rudd, being an ambassador, and a possible second Trump presidency
Politics with Michelle Grattan: Cyber expert Lesley Seebeck on TikTok’s future in Australia
Politics with Michelle Grattan: Masculinity expert Michael Flood on boys and men behaving badly
Politics with Michelle Grattan: John Blaxland on spies, AUKUS, and an unsettled Washington
Politics with Michelle Grattan: Jason Clare on the future of education in Australia
Politics with Michelle Grattan: Antony Green, Kos Samaras and Tim Costello on Dunkley contest
Politics with Michelle Grattan: Assistant minister Malarndirri McCarthy says there's 'no rush' on treaty and truth-telling
Politics with Michelle Grattan: Chris Bowen on fuel efficiency standards and the energy transition
Politics with Michelle Grattan: Angus Taylor on tax and the economy
Politics with Michelle Grattan: Jim Chalmers says Australians will be better off next year
Politics with Michelle Grattan: Bill Shorten on making the NDIS fit for purpose
Politics with Michelle Grattan: Chris Bowen’s struggle to promote consensus on climate action at COP28
Politics with Michelle Grattan: Greens Barbara Pocock on the quest for greater transparency
Politics with Michelle Grattan: James Paterson on the High Court’s decision on detention and rising anti-Semitism
Create your
podcast in
minutes
It is Free