Better than expected jobs growth reduced the chances of a rate cut announcement during this meeting but most economists believe
there will be two rate cuts across the year. Governor Philip Lowe is also expected to discuss the economic impact of the coronavirus.
Source: Loan Digest (loandigest.net)
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RBA faces balancing act between threats and inflating property marketThe Reserve Bank of Australia will have to balance the economic hit of bushfires and coronavirus and a surge in house prices across Sydney and Melbourne at its first meeting of the year “The Reserve Bank of Australia will have to balance the economic hit ....” because the LNPFail Grubberment CouldntRunATuckshop So four people have Coronavirus in Australia and the RBA are stepping in to adjust interest rates? Ffsk pls tell me This is fake news
Source: smh - 🏆 6. / 80 Read more »
Exclusive: Abbott opens up to Sky News about catastrophic bushfire season | Sky News AustraliaEXCLUSIVE: Former Prime Minister Tony Abbott and his firefighting brigade colleagues have spoken to Sky News host Peta Credlin of the “immense” challenges they have faced during this season’s devastating bushfire season.\n\nServing as a volunteer for the NSW Rural Fire Service for 20 years, Mr Abbott and his fellow firefighters have opened up about the enormous toll the fire season has taken and how communities have rallied together to support each other during the last few catastrophic months. HonTonyAbbott The climate science denier guy who axed the Carbon Tax, giving Australia the Bushfires disaster. He can go away. HonTonyAbbott HonTonyAbbott Abbott is a dud, anything for a photo opp. He is a hinderance to fire crews doing real for work while they look after his sorry fake arse
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia to deny entry to travellers from China | Sky News AustraliaForeign travellers coming from or passing through mainland China will be denied entry to Australia as the government ramps up its defence against the deadly coronavirus spreading around the globe.\n\nExemptions will be made for Australian citizens, permanent residents and their immediate family as well as aircrews, under strict conditions.\n\n“All travellers arriving out of mainland China, not just Hubei province as has been the case up until now, are being asked and required to self-isolate for a period of 14 days from the time they leave mainland China,” Prime Minister Scott Morrison said.\n\nTravel advice for mainland China has been raised to level four or “do not travel”. Ramps up = finally makes a call, dragged to making the right decision Finally What if people fly from China to another country and then fly to Aus (within 14 days)? Relying on Border Force finding and reading the exit stamp date on the passport? If yes, I hope their maths is goood enough and fast enough especially when the time zone is also a variable.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia needs 'a single voice' on coronavirus response | Sky News AustraliaThe Australian Medical Association says Australia's ability to control the rampant coronavirus is being hampered because we do not have a centralised infection control body like other major western countries. \n\nTheir call for a centralised national coordinating centre for infectious disease is also being backed by the Australasian Society for Infectious Disease. \n\nNewscorp National Health Correspondent Sue Dunlevy says 'we need a single voice on this, we've already seen in the last week conflicting messages from state and federal governments about whether kids who have been to China should be able to go to school.'\n\nImage: Getty Nobody trusts the self-serving, highly political AMA any more. 😳 Much like us not having a central bushfire control body. It might have something to do with our Constitution/State rights. Do the AMA propose we re-write the Constitution or have the Federal Govt ask the State Govts to relinquish some of their rights? Good luck with either.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
PM Morrison praises Bridget McKenzie following her resignation | Sky News AustraliaPrime Minister Scott Morrison has thanked Bridget McKenzie for her “hard work”, as the embattled minister stood down from the frontbench after it was found her involvement in the so-called sports rorts saga breached ministerial standards. \n\nMs McKenzie quit her position on Mr Morrison’s frontbench, and also stepped down from her Nationals leadership roles on Sunday afternoon, a move which was applauded by the prime minister. \n\nThe move followed a finding by the Department of Prime Minister and Cabinet secretary Phil Gaetjens, that Ms McKenzie had breached the ministerial code of conduct for failing to disclose her association and membership of a gun club that was provided federal funding in the sports rorts saga.\n\nSenator McKenzie had been embroiled in the scandal since the Auditor-General revealed she – as sports minister – used a $100 million sport grants fund to splash cash in marginal seats ahead of the 2019 election.\n\n“Minister McKenzie has shown a great respect for the statement of standards,” Mr Morrison said. \n\n“She has honoured that statement of standards in the decision she has taken today by offering her resignation to me this afternoon.\n\n“I want to thank Bridget McKenzie for the outstanding job she’s done in serving, both in my cabinet and my predecessors cabinet,” he said. \n\nImage: Getty Can’t be bothered reading the article. How much hush money did she get? 🤑 Hard work =covering my ass so I don't get dropped in it 🙄🙄 Bet you the report front he head of PM and Cabinet remains secret... It needs to be released. The person writing the report is PM's ex chief of staff and his current dept head. There is a conflict of interest here majorly.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
First coronavirus fatality outside of China | Sky News AustraliaThe first coronavirus fatality outside of China has been confirmed in the Philippines.\n\nA 44-year-old Chinese man developed pneumonia and died in a Manila hospital after contracting the coronavirus.\n\nThe World Health Organisation believes the man was infected in the Hubei province before heading to the Philippines and has declared the coronavirus a public health emergency. \n\nMore than 300 people have died and 14,000 have been infected, with the majority occurring in the epicentre of the outbreak. \n\nImage: Getty
Source: SkyNewsAust - 🏆 7. / 78 Read more »