Following today’s interest rate increase, it is increasingly clear that monetary policy is being asked to do too much — while the structural drivers of inflation remain largely unaddressed.

Interest rates are a blunt tool. They fall disproportionately on mortgage holders and small businesses, yet they do not address key contributors to current cost-of-living pressures, including housing supply constraints, energy costs, insurance premiums and limited competition in essential goods and services.
Repeated reliance on rate rises risks placing sustained pressure on a subset of households without resolving the underlying causes of inflation.

What we are asking for
We call on the Australian Government, including the Treasurer Jim Chalmers, to:

• reduce over-reliance on interest rate rises as the primary tool for managing inflation
• accelerate housing supply and planning reform, including measures to increase medium-density and affordable housing
• strengthen competition oversight in essential goods and services, particularly supermarkets, insurance and energy
• use targeted fiscal and structural measures to address cost-of-living pressures without further concentrating the burden on mortgage holders

why this matters
Mortgage holders are not a policy instrument.

A more balanced approach to managing inflation is both possible and necessary, one that addresses structural pressures while supporting economic stability more fairly across the community.

If you support this petition, please consider adding a short comment when you sign.

One sentence on how interest rate rises or cost-of-living pressures are affecting your household helps demonstrate the real impact of current policy settings.

This petition is made in a personal capacity and does not represent the views of my employer.