Climate change and the economy are linked — it's time the Morrison Government accepts that
ABCTime is a precious commodity. Rate cuts not enough to boost growth There's little doubt interest rates will be cut to 0.5 per cent by February and that, in the absence of direct government stimulus, rates will be lower than otherwise necessary and for a much longer period. That's despite three interest rate cuts since June to an unprecedented 0.75 per cent and tax cuts that were supposed to jolt the economy out of its funk. Farm output is likely to be around 8 per cent down on last year's levels, farm profits are off 20 per cent and rural exports are falling. Big business and climate action Mike Henry was anointed BHP's new chief last week, immediately seizing the opportunity to declare the company — one of the nation's biggest coal miners — was committed to reducing emissions.