Reserve Bank Governor Dr Philip Lowe’s 12th interest rate rise in 13 months to 4.10 per cent is crushing the life out of Australian families to pay for the RBA’s own sins.
The Australian Citizens Party (ACP) is calling on all Australians to stand up against the agreement between Treasurer Jim Chalmers and Shadow Treasurer Angus Taylor to remove democratic accountability for the banking elite who control the economy
Treasurer Jim Chalmers has committed to dumping the policy for which “old Labor” legends John Curtin and Ben Chifley fought hardest—democratic control of the central bank and the banking system.
Demand the Treasurer intervene with bank CEOs and insist they earn their taxpayer guarantees and subsidies by maintaining branch services in communities.
All Australians should support this formal petition to Parliament:
Petition EN4244 - Moratorium on regional bank closures and new inquiry
Petition Reason
