After roughing up the central bank, Anthony Albanese and Jim Chalmers should take whatever sliver of bacon the RBA will give financially squeezed voters in mortgage belt seats.
Michele Bullock and the Reserve Bank board have put their inflation-fighting credibility on the line by delivering a politically convenient interest rate cut without providing a compelling economic case to do so.
But, after roughing up the central bank, Anthony Albanese and Jim Chalmers should take whatever sliver of bacon the RBA will give financially squeezed voters in mortgage belt seats.
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Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com
