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The Guardian // Business // Economics

Australians obsessed with interest rates because ‘there is not enough else to talk about’, former RBA governor says

Sunday 31st August 2025, 11:00PM

Glenn Stevens tells Reserve Bank historian: ‘We’ve got a lot of media capacity and not enough real news to fill it’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralians are obsessed with interest rates because “there’s not enough else to talk about”, says the former Reserve Bank governor Glenn Stevens.Stevens, now chair of Macquarie Group, raised the ire of the Howard government when the independent RBA lifted its cash rate target only a few weeks before the 2007 election, which was won comfortably by Kevin Rudd. Continue reading...

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