Thank you for reading today’s Need to Know blog, covering the hearings of the antisemitism royal commission and the Reserve Bank of Australia’s decision to lift interest rates.
We will commence blogging again early on Wednesday morning.
Here’s a recap of some of today’s events:
RBA lifts interest rates for third time this year | The Reserve Bank of Australia has lifted the official cash rate from 4.1 per cent to 4.35 per cent in a near-unanimous decision, marking the third rate rise this year.
Second day of antisemitism royal commission hearings | A second day of hearings at the Royal Commission on Antisemitism and Social Cohesion occurred in Sydney.
Trump says US sank seven Iranian boats | Trump says the US has shot down seven small Iranian boats since the beginning of the mission to guide tankers out of the Strait of Hormuz.
S&P says Victorian election spending could undermine credit rating | Ratings agency S&P said that Victoria’s improved fiscal position and credit rating may be undermined by additional election spending on cost-of-living measures not captured in the budget released by Victorian Treasurer Jaclyn Symes today.
RBA governor Michele Bullock contradicts Chalmers on government spending | Bullock, speaking after the RBA board lifted interest rates, appeared to contradict Treasurer Jim Chalmers on the role of government spending on inflation.