RBA holds cash rate at 4.35%, warns of more hikes if inflation persists
Australia’s central bank left its cash rate at 4.35% after three increases this year, citing a slowing economy but warning it could raise rates again if oil-driven inflation stays too high.
Socceroos beat Türkiye 2-0 to share top of World Cup Group D with the US
Australia opened their 2026 World Cup with a 2-0 win over Türkiye on Sunday, goals from Nestory Irankunda and Connor Metcalfe lifting the Socceroos level with co-hosts the United States.
NDIS overhaul faces fierce backlash at Senate inquiry as Butler holds July deadline
Disability advocates told a Senate inquiry that proposed NDIS changes moving 160,000 participants to state-run supports and halving community participation budgets could cause serious harm.
Construction begins on $2 billion Bankstown Hospital, NSW's largest hospital investment
Demolition crews have started work on the new Bankstown Hospital site, a record $2 billion project delivering a 14-storey hospital in the city centre and about 3,600 direct jobs.
Australia braces for RBA rate call as fuel-driven inflation set to peak near 5%
The Reserve Bank of Australia meets June 16 with economists split on whether to hike again from 4.35% after May's increase. Higher fuel prices are expected to push headline inflation to a 4.8% peak in the June quarter.
Australian economy slows to 0.3% as net trade drags on growth
Australia's economy expanded just 0.3% in the March quarter and 2.5% over the year, the softest quarterly pace since mid-2024, according to official national accounts. A sharp drag from net trade, with exports falling and imports rising, weighed on output amid subdued household and government spending.
Earlier coverage
- Sydney and Melbourne home values fall as Australian housing cools
- Albanese touts fuel-security buffer and warmer India ties as the oil shock tests Australia
- Western Sydney’s Campbelltown Arts Centre put forward for $84m expansion
- Albanese government repatriates further cohort of women linked to Islamic State fighters from Syria
- Melbourne adopts $73 million cleanliness package in 2026-27 city budget
- Vivid Sydney opens 16th edition with 200 events and no central theme
- Man dies in great white shark attack off Western Australia
- Australia signs missile-manufacturing pact with Norway
- Australian Coalition ties migration intake to housing supply, restricts foreign welfare access
- One Nation primary vote surges across Griffith, Leeton, Narrandera as Farrer falls
- One Nation wins Farrer, claiming first lower-house seat in 30-year history
- Australia's May 12 budget reframed as resilience plan as oil and yen pressures bite
- Sydney Southwest Metro begins three-month on-track testing program