“Greens Demand Interest Rate Cuts Before Supporting RBA Reforms, Gallagher Calls Them ‘Out of Control'”

**Australia News Update: Greens Demand Interest Rate Cut Before Supporting RBA Reforms** The Greens have announced that they will not support Labor's proposed reforms to the Reserve Bank of Australia (RBA) unless there is a reduction in interest rates. In a recent discussion, Finance Minister Katy Gallagher expressed her frustration with the Greens' stance, labeling their approach as "out of control" and overly self-important. Gallagher emphasized that the government will not be intimidated by the Greens' demands, particularly those articulated by Senator Nick McKim, who has been vocal in issuing ultimatums regarding the reforms. During an interview, Gallagher stated, "We remain committed to the RBA reforms, and I believe there is a path forward if Peter Dutton chooses to engage with us. It’s puzzling why the opposition has opted out of this discussion, especially since these reforms are sensible policy." She criticized the Greens for their populist tactics, arguing that their demands are economically irresponsible. Gallagher reiterated that the government is keen on advancing the reforms, which have the backing of the Reserve Bank, and expressed hope that this support would encourage the Liberal Party to reconsider their position. Despite the current impasse, Gallagher remains optimistic about the potential for collaboration, urging all parties to engage constructively rather than resorting to ultimatums.