1 00:00:05,000 --> 00:00:08,400 Speaker 1: Hell, I'm welcome to the update. I'm Michelle Stephenson. 2 00:00:09,200 --> 00:00:09,319 Speaker 2: Well. 3 00:00:09,360 --> 00:00:12,559 Speaker 1: Three of Australia's four big banks are predicting interest rates 4 00:00:12,600 --> 00:00:15,520 Speaker 1: will stay on hold for now, but will likely increase. 5 00:00:15,640 --> 00:00:18,720 Speaker 1: In Maine, the RBA is facing pressure to consider a 6 00:00:18,800 --> 00:00:22,840 Speaker 1: rate hike in next month's meeting as inflation remains stubbornly high. 7 00:00:22,960 --> 00:00:25,599 Speaker 1: Governor Michelle Bullock says it is a balancing act. 8 00:00:25,720 --> 00:00:28,560 Speaker 3: Inflation is a bit elevated. I don't think we think 9 00:00:28,560 --> 00:00:30,760 Speaker 3: it's taking off again, but it's a little bit elevated. 10 00:00:30,840 --> 00:00:34,560 Speaker 3: It's not like we've got a situation where it's very 11 00:00:34,560 --> 00:00:37,040 Speaker 3: clear what we have to do. We've got ourselves to 12 00:00:37,040 --> 00:00:40,320 Speaker 3: a position now where it's close to balance, maybe a 13 00:00:40,360 --> 00:00:43,240 Speaker 3: little bit tight, and that's why people have to be patient. 14 00:00:43,520 --> 00:00:46,960 Speaker 1: Well, Opposition leader Angus Taylor is blaming the Federal government, 15 00:00:47,040 --> 00:00:49,320 Speaker 1: saying they've failed to get on top of the issue. 16 00:00:49,520 --> 00:00:53,519 Speaker 4: Just getting harder and harder for Australian businesses in Australian 17 00:00:53,560 --> 00:00:57,240 Speaker 4: households to make ends meet. Now, this Treasurer told us 18 00:00:57,920 --> 00:01:00,920 Speaker 4: he told us that he had beaten in flaightation, when 19 00:01:00,960 --> 00:01:03,920 Speaker 4: the truth was inflation has beaten him. 20 00:01:04,319 --> 00:01:08,640 Speaker 1: Grace Tame has dismissed the Prime Minister's apology as condescending. 21 00:01:08,760 --> 00:01:12,199 Speaker 1: Almtree labeled her as difficult and the Alberanezi was taking 22 00:01:12,240 --> 00:01:14,440 Speaker 1: part in a word association game when he made the 23 00:01:14,480 --> 00:01:17,680 Speaker 1: remark about the former Australian of the Year. Miss Albaneze 24 00:01:17,720 --> 00:01:19,840 Speaker 1: claims his comments have been misinterpreted. 25 00:01:19,840 --> 00:01:23,199 Speaker 2: Though Grace Tame you certainly can't describe in one word. 26 00:01:23,319 --> 00:01:26,160 Speaker 2: She has had a difficult life and that was what 27 00:01:26,240 --> 00:01:29,600 Speaker 2: I was referring to. And what Grace Tame has done 28 00:01:29,880 --> 00:01:33,760 Speaker 2: is to turn that difficult experience she had into being 29 00:01:33,800 --> 00:01:35,959 Speaker 2: a strong advocate for others. 30 00:01:36,480 --> 00:01:39,840 Speaker 1: The majority of Australians will receive a test notification on 31 00:01:39,880 --> 00:01:43,480 Speaker 1: their phone in July. OS Alert will be officially launched 32 00:01:43,520 --> 00:01:48,360 Speaker 1: in October, issuing notifications to devices within designated areas to 33 00:01:48,400 --> 00:01:52,280 Speaker 1: one of impending natural disasters like fires, floods and cyclones. 34 00:01:52,840 --> 00:01:56,200 Speaker 1: Well hearings for the Consumer Watchdogs legal case against Cooles 35 00:01:56,240 --> 00:01:59,440 Speaker 1: have wrapped up. The a Triple C is seeking penalties, 36 00:01:59,560 --> 00:02:03,920 Speaker 1: alleging the supermarket broke the law by offering illusory discounts. 37 00:02:04,240 --> 00:02:06,560 Speaker 1: The judge has reserved his decision, though with the come 38 00:02:06,600 --> 00:02:10,040 Speaker 1: to be handed down at a later date, and Ossie chain. 39 00:02:10,120 --> 00:02:13,000 Speaker 1: Glue is the latest big retailer to go under. All 40 00:02:13,040 --> 00:02:15,480 Speaker 1: sixteen stores will be closed by the end of the 41 00:02:15,520 --> 00:02:18,560 Speaker 1: twenty twenty six financial year. That's after posting an eight 42 00:02:18,600 --> 00:02:23,919 Speaker 1: point four million dollar loss. It's entertainment to next to Sport, 43 00:02:23,960 --> 00:02:26,120 Speaker 1: and Geelong is confident Bailey Smith will be fit to 44 00:02:26,160 --> 00:02:28,600 Speaker 1: play opening round against the Gold Coast after missing last 45 00:02:28,639 --> 00:02:31,080 Speaker 1: night's pre season loss to Carlton with a calf injury. 46 00:02:31,360 --> 00:02:34,000 Speaker 1: And the Sokaroos have suffered a potential blow just three 47 00:02:34,000 --> 00:02:37,440 Speaker 1: months out from the FIFA World Cup. Striker Mohammad Ture 48 00:02:37,600 --> 00:02:40,400 Speaker 1: has copped a leg injury falling to the ground minutes 49 00:02:40,440 --> 00:02:44,040 Speaker 1: into Norwich City's match with Sheffield in the EFL. In 50 00:02:44,200 --> 00:02:47,320 Speaker 1: Entertainment News Now, and Harry Styles has described his favorite 51 00:02:47,400 --> 00:02:50,480 Speaker 1: boy dinner the Superstar, admitting he loves a burger, but 52 00:02:50,680 --> 00:02:53,239 Speaker 1: his favorite thing to do is to eat a rotisserie 53 00:02:53,360 --> 00:02:56,359 Speaker 1: chicken over the sink. Well, twenty years after one of 54 00:02:56,400 --> 00:02:59,200 Speaker 1: the most famous iggirl feuds of the two thousands, and 55 00:02:59,320 --> 00:03:02,880 Speaker 1: Hillary Duffin Lindsay Lohan have buried the hatchet, the singer 56 00:03:02,919 --> 00:03:05,640 Speaker 1: revealing she and Loan made up after bumping into one 57 00:03:05,680 --> 00:03:09,399 Speaker 1: another at a club before making peace over shots and 58 00:03:09,600 --> 00:03:12,040 Speaker 1: Ed Sheeron has made a very low key arrival into 59 00:03:12,080 --> 00:03:14,360 Speaker 1: Melbourne ahead of the next leg of his loop tour, 60 00:03:14,720 --> 00:03:17,720 Speaker 1: the down to Earth Global Superstar, opting for an eleven 61 00:03:17,760 --> 00:03:20,880 Speaker 1: hour train ride from Sydney. That's the Lakes from the 62 00:03:20,919 --> 00:03:22,639 Speaker 1: Nervo podcast news team will have another episode of the 63 00:03:22,680 --> 00:03:24,600 Speaker 1: Update for you tomorrow. I'm Michelle Stevenson.