Labor will announce a defence recruitment and retention plan that includes extra payments for permanent personnel. Follow today’s news headlines live
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Some more on that predicted rate freeze today – the Reserve Bank will conclude its penultimate board meeting this afternoon, and all indicators point to it leaving the cash rate unchanged at 4.35%.
A year ago, Michelle Bullock used her second board meeting as RBA governor to hoist the key interest rate, making it the 13th increase since the central bank had started turning the monetary screw.
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Bullock is sending a message to politicians: rate cuts or big spending promises – you can only have one