Politics with Michelle Grattan
News:Politics
After Wednesday’s larger-than-expected inflation number, all attention has turned to the Reserve Bank’s meeting on Tuesday. If the bank moves next week, it will be the first time there’s been a rise in a campaign since 2007, the election John Howard lost.
Pointing to recent rate rises overseas, independent economist Saul Eslake says: “If the Reserve Bank were to do nothing in the face of this much sharper-than-expected acceleration in inflation, it would be leaving itself open to a charge of acting in a political way, which would undermine its credibility for an extended period.
"So I think the Reserve Bank really has to raise interest rates at its meeting next week.” If it doesn’t, Governor Philip Lowe would require “a very persuasive explanation”.
If the bank didn’t act next week, it could subsequently have to make a 75 basis points rise in one hit, “which would be a considerable shock to the mortgage-paying population in particular, but I think for small businesses and a whole lot of other participants in Australia’s economy more broadly.”
Politics with Michelle Grattan: Battle of the Voice – Greens senator Dorinda Cox & Liberal senator Kerrynne Liddle
Word from The Hill: On ditching the Commonwealth Games, the Voice pamphlet, Labor’s factions
Politics with Michelle Grattan: Treasurer Jim Chalmers on Michele Bullock’s appointment as Reserve Bank Governor
Politics with Michelle Grattan: Bill Shorten on Robodebt report’s sealed section, and progress on NDIS reform
Politics with Michelle Grattan: Author Bruce Wolpe on the “shocking” consequences for Australia of a Trump 24 win
Politics with Michelle Grattan: Special Minister of State Don Farrell wants donation and spending caps for next election
Politics with Michelle Grattan: Community Independent Dai Le on what voters are saying
Politics with Michelle Grattan: Industry minister Ed Husic on the artificial intelligence revolution
Politics with Michelle Grattan: Liberal MP Bridget Archer urges other moderates to speak up as she presses for party change
Politics with Michelle Grattan: Labor’s Julian Hill on employment, AI, Julian Assange and TikTok
Politics with Michelle Grattan: Greens Max Chandler-Mather on the housing fund, rent freezes and migration
The day after the night before - Chalmers and Taylor on the budget
Politics with Michelle Grattan: NDIA chair Kurt Fearnley on ‘fundamental’ reform of the disability scheme
Politics with Michelle Grattan: Labor MP Marion Scrymgour on her yes campaign trail, and reinstating the CDP
Politics with Michelle Grattan: Professor Marcia Langton on the Voice’s powers and potential
Politics with Michelle Grattan: Simon Birmingham on the Voice, Aston, the Liberals, Uranium
Politics with Michelle Grattan: Lambie urges return of former employment program for Indigenous communities
Politics with Michelle Grattan: Michael Brennan on Australia’s parlous productivity growth
Politics with Michelle Grattan: Antony Green, Professor Andy Marks and Ashleigh Raper on the NSW election
Politics with Michelle Grattan: Chair of Retirement Income Review, Mike Callaghan, on reforming superannuation
Create your
podcast in
minutes
It is Free