Well, the Reserve Bank finally answered our fiscal prayers this week, and announced an interest rate cut of 0.25 percent, providing relief to stretched mortgagees across the land.

But arguably no one was sweating on the rate cut more than the Albanese government, which desperately needed a strong sign that the cost of living crisis has turned a corner, and things are going to get easier for working Australians.

But is the rate cut enough, and will they reward the government for it by voting Labor at the next election? And what about the curious anomaly in the figures that has stumped even the experts.

Senior economics correspondent Shane Wright unpacks this with Jacqueline Maley, while national security correspondent Matthew Knott discusses the landmark national security speech given by ASIO boss Mike Burgess.

Audio credit:

• 'Everything everywhere all at once': ASIO details multiple security threats to Australia. SBS News.

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We bring you this episode of Inside Politics on Valentines Day, but right now the trade relationship between Australia and our closest ally is at a delicate juncture.

This week President Donald Trump declared his intention to impose tariffs on aluminium and steel imports from all countries, no exceptions. And the pressure was on Prime Minister Anthony Albanese to negotiate a way out.

Albanese had a long, and reportedly warm conversation with Trump about the tariff issue, with Trump saying he would consider an exemption for Australian steel and aluminium.

But no promises were made, and in the volatile landscape of Trump 2.0, nothing is certain except we will have more uncertainty.

This week, Inside Politics host Jacqueline Maley is joined by chief political correspondent David Crowe, and senior economics correspondent Shane Wright.

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We’re bringing you the best episodes of 2024, before we return in early February for the election year.

In this special episode, which aired last month, respected columnist Niki Savva explains why Prime Minister Anthony Albanese should retire if he wins the next election.

Cut through the noise of federal politics with news, views and expert analysis. Subscribers can sign up to our weekly Inside Politics newsletter.

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