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To: Reserve Bank of Australia Governor, Michele Bullock

Tell the RBA: It’s Time for an Interest Rate Cut

Queensland Unions

The Reserve Bank of Australia (RBA) has listened to the voices of workers and everyday Australians, announcing a 0.25% interest rate cut. This decision is a step in the right direction, offering much-needed relief to households struggling with rising costs.

While this is an important win, we know the fight isn’t over. We’ll continue pushing for fairer economic policies that put people before profits.

We call on the Reserve Bank of Australia (RBA) to cut interest rates this month’s meeting on the 18th of February and provide much needed relief to Australian workers and families.

Why is this important?

Inflation has dropped from 7% to under 3%, yet the RBA has not approved a rate cut in over 15 months. Meanwhile, central banks around the world are cutting rates to ease cost-of-living pressures.

Australians cannot afford another month of sky-high mortgage repayments and rent increases. It’s time for the RBA to act in the interests of working Australians, not just big banks and billionaires.

Australian workers and families have been struggling under relentless cost-of-living pressures. Thirteen consecutive interest rate hikes from May 2022 to November 2023 have made mortgages and rents unaffordable for millions, while food and petrol prices remain high. Many Australians are forced to go without just to keep a roof over their heads.

Despite global inflation stabilising, the RBA continues to hold rates high - putting profits over people. There is even talk of another rate hike at the next RBA meeting, which would devastate households already stretched to the limit.

We can’t afford more delays. Tell the RBA: It’s time for an interest rate cut

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Partner

Updates

2025-02-21 09:17:40 +1100

Petition is successful with 1,071 signatures

2025-02-17 12:04:41 +1100

1,000 signatures reached

2025-02-08 07:26:27 +1100

500 signatures reached

2025-02-07 18:43:36 +1100

100 signatures reached

2025-02-07 18:35:55 +1100

50 signatures reached

2025-02-07 18:33:20 +1100

25 signatures reached

2025-02-07 17:35:26 +1100

10 signatures reached