Luke McGregor slams RBA rate hike in viral clip

Australian comedian Luke McGregor has gone viral for slamming the Reserve Bank of Australia (RBA) over its recent interest rate hike, criticizing Governor Michele Bullock's justification for the increase. McGregor disputed Bullock's characterization of the labor market as "tight," noting unemployment above 700,000 people, and argued inflation stems from factors like wars, AI data centers, and corporate profit-raising rather than household spending. He also urged the government to reverse privatizations of essential services like water and power. The RBA raised the cash rate to 4.6 percent on Tuesday, with unemployment at 4.6 percent in August. McGregor's comments reflect a broader trend of Australian comedians like Dave Hughes engaging in political activism and policy debate.