{"id":426173,"date":"2026-05-05T08:37:09","date_gmt":"2026-05-05T08:37:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/426173\/"},"modified":"2026-05-05T08:37:09","modified_gmt":"2026-05-05T08:37:09","slug":"federal-budget-speculation-not-always-right-says-jim-chalmers-after-rba-rates-decision-us-sinks-7-iranian-ships-around-strait-of-hormuz-says-donald-trump","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/426173\/","title":{"rendered":"Federal budget speculation not always right, says Jim Chalmers after RBA rates decision; US sinks 7 Iranian ships around Strait of Hormuz, says Donald Trump"},"content":{"rendered":"

Thank you for reading today\u2019s Need to Know blog, covering the hearings of the antisemitism royal commission and the Reserve Bank of Australia\u2019s decision to lift interest rates.<\/p>\n

We will commence blogging again early on Wednesday morning.<\/p>\n

Here\u2019s a recap of some of today\u2019s events:<\/p>\n

RBA lifts interest rates for third time this year<\/a> | 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.<\/p>\n

Second day of antisemitism royal commission hearings<\/a> | A second day of hearings at the Royal Commission on Antisemitism and Social Cohesion occurred in Sydney.<\/p>\n

Trump says US sank seven Iranian boats<\/a> | 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.<\/p>\n

S&P says Victorian election spending could undermine credit rating<\/a> | Ratings agency S&P said that Victoria\u2019s 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.<\/p>\n

RBA governor Michele Bullock contradicts Chalmers on government spending<\/a> | Bullock, speaking after the RBA board lifted interest rates, appeared to contradict Treasurer Jim Chalmers on the role of government spending on inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"Thank you for reading today\u2019s Need to Know blog, covering the hearings of the antisemitism royal commission and…\n","protected":false},"author":2,"featured_media":426174,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-426173","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/426173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=426173"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/426173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/426174"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=426173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=426173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=426173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}