ACTU boss Sally McManus is also calling on the RBA to cut rates:

The RBA should have acted to lower rates at its last meeting in July, instead of waiting to see another set of good inflation figures before cutting rates further.

Every day the RBA waits to cut rates makes it more likely that the unemployment rate will go up and that’s unacceptable.

Last month the RBA failed to do their bit to provide much needed support to working Australians, but there are no more excuses not to cut rates when the Bank next meets two weeks from now, on August 12.

Working people can’t wait any longer for decent rates relief; they have been waiting since 2022 when the rates hikes started.

The long climb back out of the pandemic, when prices were high, wages flat, and supermarkets and other big businesses went price gouging has pushed many working families to the brink of what they can withstand.

Workers need as much time as possible to finally start being able to rebuild from a more solid financial base and to catch up to just about every other advanced economy where rates fell much faster.”