Greens Urge Immediate Rate Cut Amid Global Trade Uncertainty

The Greens says RBA must act now as Trump’s tariffs have triggered global instability.
Greens Urge Immediate Rate Cut Amid Global Trade Uncertainty
Australian Greens Leader Adam Bandt and Housing spokesperson Max Chandler-Mather speak to the media during a press conference at Parliament House in Canberra, Australia on Nov. 25, 2024. AAP Image/Lukas Coch
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Just a day after the Treasury warned that global economic turbulence triggered by U.S. President Donald Trump’s tariff hikes could threaten international markets, the Greens have called on the Reserve Bank of Australia (RBA) to urgently slash interest rates.

“The RBA will cut interest rates at their next meeting, but they should not sit on their hands for another six weeks while the crisis unfolds,” Greens Economic Justice spokesperson Senator Nick McKim said.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].