Reserve Bank Must Stay Independent, Avoid Rushed Rate Cuts: Opposition

Dutton stresses the RBA needed to base its decisions on economic factors, not external pressure, ahead of the Feb. 18 meeting.

Leader of the Opposition Peter Dutton speaks to media, Brisbane, Australia on Dec. 13, 2024. AAP Image/Russell Freeman

As every day mortgage holders wait for the Reserve Bank of Australia’s (RBA) next rate decision on Feb.18, federal Opposition Leader Peter Dutton has called on the RBA governor not to succumb to political pressure, and remain independent.

Dutton said any potential rate cut should be based on economic fundamentals, not external influences.