Latest / The Front / No beef between Treasurer and RBA boss, PM says

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No beef between Treasurer and RBA boss, PM says · The Front

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  Speaker 1: Today's biggest news from The Australian. I'm Kristen Amiott with
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  Speaker 1: the front's afternoon headlines. Prime Minister Anthony Albanese says there's
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  Speaker 1: no beef between Treasurer Jim Chalmers and Reserve Bank boss
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  Speaker 1: Michelle Bullock. That's as soaring inflation pushes interest rates to
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  Speaker 1: a 15-year high. Bullock announced yesterday domestic pressures left the
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  Speaker 1: RBA board with no choice but to increase the cash
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  Speaker 1: rate by 25 basis points.
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  Speaker 2: Higher interest rates are needed to ensure inflation returns to target.
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  Speaker 1: Inflation is too high and has been driven by domestic
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  Speaker 1: capacity pressures. Chalmers said on Tuesday the conflict in the
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  Speaker 1: Middle East is the source of the problem.
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  Speaker 2: We see much more pressure on inflation from developments in
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  Speaker 2: the Middle East in particular and that's why if you
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  Speaker 2: look right across the major advanced economies there is an
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  Speaker 2: expectation of higher interest rates around the world as a
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  Speaker 2: consequence of higher inflation coming from primarily oil prices but
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  Speaker 2: with other considerations and factors as well.
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  Speaker 1: But the PM on Wednesday said he can see both sides.
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  Speaker 3: I agree with both of them because they are not
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  Speaker 3: saying contradictory things at all and the Treasurer has been
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  Speaker 3: very consistent speaking about the inflationary pressures which are there
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  Speaker 3: in the economy. They were there when we were elected.
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  Speaker 3: They've continued to be there. We've continued to take action
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  Speaker 3: on it But as the Reserve Bank statement made very
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  Speaker 3: clear yesterday, very clear, that the war in the Middle
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  Speaker 3: East has had an impact and people can't just dismiss that.
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  Speaker 1: A bullet hole in the bedroom door belonging to TV
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  Speaker 1: presenter Jesse Baird went undetected by police for two years
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  Speaker 1: after he was allegedly murdered. Former cop Bo Lamar Condon
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  Speaker 1: is on trial for the double murders of Baird and
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  Speaker 1: his partner, flight attendant Luke Davies, in February 2024. He's
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  Speaker 1: pleaded not guilty to two counts of domestic violence-related murder
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  Speaker 1: and one count of aggravated break-and-enter. Crime scene photographs released
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  Speaker 1: in the second week of the trial depict a bullet
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  Speaker 1: hole at Baird's Paddington share house that was initially missed
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  Speaker 1: by crime scene investigators. Prosecutors allege the hole was made
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  Speaker 1: when Lamar Condon allegedly shot Davies through the bedroom door
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  Speaker 1: and senior forensic investigator Bronwyn Lansley told the court on
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  Speaker 1: Tuesday it appeared to have been repaired in July of
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  Speaker 1: this year. Lansley said tests conducted by detectives appeared to
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  Speaker 1: produce results consistent with the ammunition and service weapon Lamar
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  Speaker 1: Condon allegedly used to kill Baird and Davies. Other crime
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  Speaker 1: scene photographs show blood samples found throughout the Paddington home
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  Speaker 1: which Lansley said matched Baird and Davey's DNA profiles. David
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  Speaker 1: Shoebridge was elected leader of the Greens in the party's
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  Speaker 1: first ever contested ballot. Senators Maureen Faruqi and Sarah Hansen-Young
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  Speaker 1: also threw their hats in the ring after Larissa Waters
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  Speaker 1: stepped down due to ill health. After the vote, Faruqi
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  Speaker 1: said the party's ballot process is flawed and vowed to
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  Speaker 1: continue pursuing, quote, radical action outside the leadership. The world
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  Speaker 1: university rankings for 2027 are here and one of Australia's
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  Speaker 1: most prestigious institutions has taken a historic tumble. The Australian
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  Speaker 1: National University in Canberra recorded its worst ever result in
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  Speaker 1: the Times Higher Education World University Ranking, dropping from 73rd
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  Speaker 1: to 77th place. Five other Australian unis also slid down
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  Speaker 1: the rankings, but Melbourne University maintained its title as Australia's
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  Speaker 1: best at 34, while the University of Sydney jumped two
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  Speaker 1: spots to equal 51st. You can see how your uni
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  Speaker 1: ranks right now at theaustralian.com.au. And come back to the
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  Speaker 1: front first thing in the morning for our look at
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  Speaker 1: the historic NRL grand final shaping up for this weekend.
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  Speaker 1: That's right here, Thursday morning.