Australia news live: Reserve Bank tipped to deliver Cup day rate rise, public servants to face Robodebt inquiry

With inflation still high, interest rates are likely to ratchet even higher when the RBA board meets today. Follow the day’s news live

Over 80 hazard warnings are current for NSW, as widespread rain is expected on already saturated or flooded catchments.

In the the Riverina, residents of Cootamundra have been evacuated with Muttama Creek is in flood, while Gundagai could see major flooding.

Continue reading…

(SOURCE) https://www.theguardian.com/australia-news/live/2022/nov/01/australia-news-live-reserve-bank-melbourne-cup-interest-rates-cost-of-living-inflation-power-prices

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