Interest rates hold steady; Rowland defends ABC independence; and how the democracy sausage is made

RBA governor Michele Bullock. While the inflation rate, at a 12-year high of 4.35%, does appear to be tapering off, the RBA accepts that it ‘remains high’.RBA governor Michele Bullock. While the inflation rate, at a 12-year high of 4.35%, does appear to be tapering off, the RBA accepts that it ‘remains high’.The cash rate will stay at 4.35%, a 12-year high, in a move that was widely anticipated by economists.

“This decision is a reflection of the good progress we’re making as a country in the fight against inflation,” the treasurer, Jim Chalmers, told parliament. “It gives us confidence that inflation is moderating in welcome and encouraging ways.”Vasyl Myroshnychenko about Monday night’s Four Corners program spotlighting the perspective of Russian troops on the frontline. Myroshnychenko called the program “a bowl of vomit”.

The alleged driver of an SUV that struck two people in Doonside in Sydney’s west is under police guard.A man and woman, both in their 40s, have been taken to hospital after an alleged hit-and-run incident in Sydney’s west. Police said the pair was allegedly hit by an SUV in Doonside “following reports of a neighbour dispute”.

After a fatal capsize off Kinmen island, China has rejected the existence of the prohibited waters line, which has been tacitly respected since the 1990s,to start the day with a curated breakdown of the key stories you need to know, and complete your daily news roundup.

Source: Loan Digest (loandigest.net)

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Interest rates: Meet the hawks warning the RBA may not cut rates this yearPersistent inflation, rising house prices, weak productivity growth, and stimulus from tax cuts means borrowers may have to wait another year for relief.
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Interest rates: RBA tipped to hold cash rate this weekBond yields are soaring after US data dashed hopes of early rate relief from the US Federal Reserve, pushing out expectations of a mid-year move from the Reserve Bank.
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RBA interest rates: Inflation risks unravelling the rallyWhile the “everything” rally has excited risk junkies, inflation might spoil the party again.
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Interest rates: RBA overhaul in doubt after Treasurer Jim Chalmers rejects Coalition’s key demandTreasurer Jim Chalmers has rejected a Coalition demand that he appoint all existing RBA board members to the new interest-rate setting board.
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Interest rates: Traders, investors jostle over the timing of Federal Reserve, RBA rate cutsBond investors expect the Fed to start cutting rates mid-year and the RBA to follow in September, despite a slightly hotter-than-expected US inflation print.
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