RBA Interest Rates Steady as Israel Approves Rafah Military Operation and Albanese Reaches Out to China over Flare Drop

RBA interest rates steady
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  • RBA holds interest rates steady, warns of high inflation due to petrol prices and tight job market
  • Greens-led Senate inquiry recommends new regulator to target anticompetitive practices in supermarkets
  • RBA governor Michele Bullock warns of bumpy journey ahead to return interest rates to target range
  • Shadow treasurer Angus Taylor criticizes government’s spending, calls for budget to fight inflation
  • Senate inquiry rebuffs calls for stricter controls on lobbyists, suggests further exploration of options
Summarised Article:

https://www.smh.com.au/national/australia-news-live-men-swing-to-support-dutton-as-labor-loses-ground-treasurer-promises-budget-spending-as-economy-slows-20240507-p5fpfb.html

Links to additional Resources:1. https://www.abc.net.au/ 2. https://www.theguardian.com/ 3. https://www.smh.com.au/

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Published on: August 2, 2011 Description: The Reserve Bank of Australia has kept interest rates on hold for the ninth straight month, giving some relief to homeowners.
RBA keeps interest rates steady
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