Michele Bullock admits the RBA board had a very lively debate on the case for cutting rates or holding firm against sustained political and community pressures.
Governor Michele Bullock has delivered a benefit-of-the-doubt interest rate cut on the eve of a federal election.
But home borrowers should not expect the nine-person Reserve Bank of Australia board to be so generous in future, and nor should the Albanese government.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
