Latest / Best of Business / Murray Olds: Australian correspondent on the Reserve Bank of Australia leaving interest rates on hold at 4.35 percent

Transcript

Murray Olds: Australian correspondent on the Reserve Bank of Australia leaving interest rates on hold at 4.35 percent · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks ed B.
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• 0:17
  Speaker 2: Mario old Dozzi corresponds with us, Now, Hey, Muzz, good afternoon, Heather.
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  Speaker 2: RBA's kept the rates on hold, Yes.
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  Speaker 3: They have, indeed, four point three five percent. It's the
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  Speaker 3: fourth time the bank has met this year under the chairmanship.
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  Speaker 3: Very refreshing chairmpionship. I must say of the chairman of
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  Speaker 3: the of the central banks, he's always out there.
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  Speaker 2: Got Muzz back, Muzz Hello, yeah, sorry, but.
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  Speaker 4: That Heather, the old signaled not as flash as the
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  Speaker 4: strength of the Reserve Bank resolve over here. They've kept
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  Speaker 4: interest rates on hold four point three five percent. Michelle
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  Speaker 4: Bullet will be coming out and telling us why the
• 0:56
  Speaker 4: bank wants inflation down between two and three percent. It's
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  Speaker 4: still too high. We've had thirteen rate rises to this
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  Speaker 4: point and people are screaming. The cost of living crisis
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  Speaker 4: over here is real. The opposition with a great line.
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  Speaker 4: People are eating. Are you eating their homes or eating?
• 1:11
  Speaker 4: And for some families apparently that is exactly what it is.
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  Speaker 4: The situation very complex in Australia, very strong employment growth.
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  Speaker 4: We saw those figures last month, which means more spending
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  Speaker 4: out in the economy from tens of thousands of new
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  Speaker 4: pay packets and that's not going to help get inflation
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  Speaker 4: down yet small businesses struggling, so two households are the
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  Speaker 4: cost of living. That's reflected of course here in the
• 1:34
  Speaker 4: latest poll that shows Peter Dutton is now preferred Prime
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  Speaker 4: Minister over Anthony Albnezi and the coalition the government fifty
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  Speaker 4: to fifty.
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  Speaker 2: This controversy about the Chinese officials trying to blame the journo,
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  Speaker 2: Is this like an actual controversy or is it just
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  Speaker 2: one of those ones we go Chinese officials at it again.
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  Speaker 4: Oh well it's I mean, you look at it and
• 1:53
  Speaker 4: you think, what are you trying to do? They were
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  Speaker 4: trying to stand because this young female Australian Chinese journalist, right,
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  Speaker 4: she was locked up for three years by Beijing with
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  Speaker 4: this nonsense about you know, she was involved in espionage.
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  Speaker 4: As soon as the COVID crisis died down, she was
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  Speaker 4: released and she's back home. She's now working for Sky News.
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  Speaker 4: She was the number one broadcast, you know, a newsreader
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  Speaker 4: on that particular channel. I think she was coming out
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  Speaker 4: of Hong Kong. In any event, she's now working here
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  Speaker 4: in Australia. She's an Aussie citizen. And these clowns from
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  Speaker 4: the Chinese Embassy in Canbra were at the news conference
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  Speaker 4: with Albanezi and the Chinese premiere yesterday. He is the
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  Speaker 4: second most powerful political leader in China, so he's a
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  Speaker 4: big deal. And she's there with her Sky News camera.
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  Speaker 4: Now these clowns, it was like, I don't know, the
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  Speaker 4: Keystone cops they're trying to stand in front of the
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  Speaker 4: camera so she can't get a shot, or the Australian officials,
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  Speaker 4: a couple of young women have sort of edging them along.
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  Speaker 4: She's changed seats. The Chinese officials of the embassy of
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  Speaker 4: trying to jump in, and the Australian women from Foreign
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  Speaker 4: Affairs that just a bit like Ozzie Rules tackling. They
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  Speaker 4: just sort of stand in their way so there's no
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  Speaker 4: way they can block the female journalist's shot. It is nonsense.
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  Speaker 4: What it did, of course, was distract from a very
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  Speaker 4: important meeting between a very important Chinese leader and Anthony Albernizi.
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  Speaker 4: Lots and lots of stuff discussed yesterday, trade, you know, obviously,
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  Speaker 4: military engagements, unwanted in the disputed waters off China. Now
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  Speaker 4: they're over in w Way today. China wants to invest
• 3:26
  Speaker 4: a lot more money in rare earth minerals. So let's
• 3:29
  Speaker 4: see how that goes.
• 3:30
  Speaker 2: Mus What do you make about this brew ha ha
• 3:32
  Speaker 2: about the Robert Irwin cartoon?
• 3:35
  Speaker 4: Well, I mean, look, Robert Irwin says, oh, bend fame mate,
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  Speaker 4: bonds of beauty, and paul and Hanson's come out and said,
• 3:42
  Speaker 4: don't you haven't no, no, Paul, Look it's one Nation.
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  Speaker 4: Her political party has been using cartoons for a while
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  Speaker 4: to highlight things that Pauline Hanson One Nation Bob sees
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  Speaker 4: wrong with the Australian political setup. There's a Queensland election
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  Speaker 4: coming up. Pauline Hanson comes from Queensland, so let's make
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  Speaker 4: a cartoon that highlights the incompetence and the absolute bloody
• 4:04
  Speaker 4: uselessness of the labor government lands the open steam southern
• 4:12
  Speaker 4: of Now the dog saying, gee whiz, we've been evicted
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  Speaker 4: from a beach blowing because of native title to Our
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  Speaker 4: vehicles are in stolen by bloody juvenile the lemons, and
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  Speaker 4: now they have to wait six miles care he says, Oi,
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  Speaker 4: I don't like it. It's the favatory. Take it there,
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  Speaker 4: Pauline says, Not on n Nelly, Not while we're getting
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  Speaker 4: all this free public city to stand up lawyers at
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  Speaker 4: twenty prices.
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  Speaker 2: Brilliant stuff. Hey, thank you Mars, Geez Gorbert Roby there again,
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  Speaker 2: a Murray Old's Australia correspondent might have been those Chinese
• 4:41
  Speaker 2: officials having a crack at the old travel line.
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