Politics Now A win for Labor as the RBA cuts rates
Aug 12, 2025
The RBA's recent decision to cut the cash rate by 25 basis points brings relief to mortgage holders, raising questions about Labor's political gains. The hosts dissect the political implications of this economic shift while reflecting on Australia's historic stance towards Palestinian statehood. They explore the complexities of the Israeli-Palestinian conflict and how political parties differ in their approaches. Additionally, they navigate the nuances of diplomacy regarding Gaza, all while weaving in light-hearted pop culture references.
AI Snips
Chapters
Transcript
Episode notes
Rate Cut Is A Political Win
- The RBA cut the cash rate 25bp to 3.6%, easing mortgage pressure.
- Hosts say the cut is a political win for Labor despite RBA independence.
Real Savings For Mortgage Holders
- Brett Worthington notes the cut saves about $109/month per $700,000 owed.
- Three cuts this year total around $330/month or almost $4,000 annually.
Labor's Long Fight Over Interest-Rate Image
- Patricia recounts Labor's long effort to escape the 'party of higher interest rates' reputation.
- She cites Mark Latham's pledge as an extreme example of past politics shaping present messaging.