Guardian AU
Australia news live: RBA holds official interest rate at 4.35%; Victorian premier survives spill speculation
The Reserve Bank of Australia has held the official cash rate steady at 4.35%, maintaining its cautious stance as cost-of-living pressures continue to dominate public concern. Meanwhile, Victorian Premier Allan has weathered internal spill speculation, keeping his leadership intact. On the federal political front, Finance Minister Katy Gallagher acknowledged a rightward shift in voter sentiment, attributing One Nation's polling surge to global uncertainty and persistent economic anxiety among Australians.
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Qld government to set up agency aimed at protecting children from sexual abuse
Queensland is establishing a dedicated child safeguarding agency following a damning review into the state's failure to stop one of Australia's most notorious paedophiles. The review found authorities repeatedly missed opportunities to intervene, exposing systemic failures in child protection. The new agency signals a significant structural overhaul of how Queensland identifies and responds to abuse risks.
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Breaking: Reserve Bank keeps interest rate at 4.35pc as economy slows
The Reserve Bank of Australia has held the cash rate steady at 4.35 percent, resisting pressure to move as economic conditions soften. The decision signals the RBA's continued caution, balancing inflation concerns against growing signs of a slowdown. Borrowers hoping for relief will need to wait, with the central bank offering no clear timeline for cuts.
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RBA interest rates: Bullock says ‘if we need to increase again, we will’ after Reserve Bank holds interest rates
The Reserve Bank of Australia held its cash rate steady at 4.35%, but Governor Michele Bullock made clear the pause should not be mistaken for a pivot, warning the board will hike again if inflation demands it. The decision follows three consecutive rate rises this year, leaving mortgage holders with no immediate relief. Markets and borrowers alike will be watching upcoming inflation data closely, as the RBA signals its tightening cycle may not yet be over.
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Alice Springs Victims of Crimes branch to close amid funding insecurity
The Alice Springs branch of Victims of Crime NT is shutting its doors by week's end, a casualty of ongoing funding insecurity. The closure leaves one of the Territory's most vulnerable communities without in-person support, forcing victims to rely solely on remote services. It marks a significant blow to local access to justice in a region already grappling with high rates of crime and disadvantage.
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