1 00:00:04,760 --> 00:00:08,720 Speaker 1: Hell, we welcome to the update. I'm Michie Stevenson, the 2 00:00:08,760 --> 00:00:13,320 Speaker 1: Reserve Bank governor, says she empathizes with millions of Ossie borrowers. 3 00:00:13,600 --> 00:00:16,599 Speaker 1: After interest rates were increased by a quarter of a 4 00:00:16,600 --> 00:00:19,479 Speaker 1: percentage point, the visual cash rate has been lifted to 5 00:00:19,520 --> 00:00:23,320 Speaker 1: three point eight five percent, with some experts predicting more 6 00:00:23,400 --> 00:00:26,320 Speaker 1: rate pain is on the way this year. RBA Governor 7 00:00:26,320 --> 00:00:30,560 Speaker 1: Michelle Buluke says she understands mortgage holders will be feeling disappointed. 8 00:00:30,000 --> 00:00:33,000 Speaker 2: Having said that, what's also not great for them or 9 00:00:33,040 --> 00:00:36,840 Speaker 2: for anyone else is if inflation remains elevated. Because every 10 00:00:36,840 --> 00:00:38,519 Speaker 2: time they go to the shop, every time they go 11 00:00:38,520 --> 00:00:40,639 Speaker 2: to buy their groceries, every time they go to get 12 00:00:40,640 --> 00:00:44,720 Speaker 2: personal services, medical, if inflation is high, that's going to 13 00:00:44,800 --> 00:00:45,519 Speaker 2: keep going up. 14 00:00:45,760 --> 00:00:48,640 Speaker 1: Well. Shadow Treasurer Tet O'Brien claims the cost of living 15 00:00:48,720 --> 00:00:52,919 Speaker 1: pressures have worsened, blaming the federal government for its economic management. 16 00:00:53,200 --> 00:00:56,760 Speaker 3: Everything continues to go up, which is why the family 17 00:00:56,880 --> 00:01:00,000 Speaker 3: budget is so tight. Families are having to trade things. 18 00:01:00,280 --> 00:01:02,760 Speaker 3: They don't know whether they should give up takeaways or 19 00:01:02,760 --> 00:01:05,679 Speaker 3: they should give up the sports for the kids. Families 20 00:01:05,680 --> 00:01:09,440 Speaker 3: are having to make hard decisions because this government refuses 21 00:01:09,520 --> 00:01:11,440 Speaker 3: to make hard decisions. 22 00:01:11,080 --> 00:01:13,880 Speaker 1: True to Jim Chalmers, though admits today's decision will be 23 00:01:13,920 --> 00:01:16,559 Speaker 1: difficult news for millions of Assies, but he has told 24 00:01:16,560 --> 00:01:19,520 Speaker 1: Parliament the Opposition had been hoping rates would increase. 25 00:01:19,640 --> 00:01:19,800 Speaker 3: Now. 26 00:01:19,800 --> 00:01:22,120 Speaker 4: The only thing that they've been able to agree on 27 00:01:22,160 --> 00:01:24,560 Speaker 4: in the course of recent months is they all desperately 28 00:01:24,560 --> 00:01:27,840 Speaker 4: wanted interest rates to go up today. They all desperately 29 00:01:27,840 --> 00:01:30,200 Speaker 4: wanted interest rates to go up today. It's the only 30 00:01:30,280 --> 00:01:33,240 Speaker 4: thing that they can agree on right now, mister Speakers, 31 00:01:33,240 --> 00:01:36,039 Speaker 4: So they should spare us their confected outrage. 32 00:01:36,240 --> 00:01:39,759 Speaker 1: Meantime, the Opposition leader says the door is open for 33 00:01:39,800 --> 00:01:43,160 Speaker 1: the Nationals to come back into the combalition fold. The 34 00:01:43,240 --> 00:01:46,080 Speaker 1: NAT split from the arrangement after a policy dispute with 35 00:01:46,080 --> 00:01:48,720 Speaker 1: the Liberals which led to the sacking of three Nationals 36 00:01:48,760 --> 00:01:51,680 Speaker 1: from shadow cabinet. Susan Lee is proposing the tree of 37 00:01:51,720 --> 00:01:53,960 Speaker 1: remaining in the sin bin for another six months and 38 00:01:54,000 --> 00:01:59,160 Speaker 1: that cabinet solidarity must remain intact well. Restrictions on protest 39 00:01:59,200 --> 00:02:02,279 Speaker 1: marches in Sidney will remain in place for another fourteen days. 40 00:02:02,440 --> 00:02:06,080 Speaker 1: That's ahead of Israeli President Isaac Krzog's visit next week. 41 00:02:06,480 --> 00:02:09,840 Speaker 1: Pro Palestinian activists so preparing for a nationwide day of 42 00:02:09,880 --> 00:02:13,240 Speaker 1: protests on Monday. The New South Wales Police Commissioner says 43 00:02:13,280 --> 00:02:17,120 Speaker 1: public safety is the number one priority and a recall 44 00:02:17,160 --> 00:02:20,800 Speaker 1: has been issued for two popular sunscreen brands Banana Boat 45 00:02:20,800 --> 00:02:25,280 Speaker 1: Baby Zinc sunscreen and Hawaiian Tropic Mineral Zinc sunscreen. Now 46 00:02:25,280 --> 00:02:27,799 Speaker 1: they're being pulled from shelves due to an uneven texture 47 00:02:27,840 --> 00:02:31,760 Speaker 1: in visible water which may actually impact performance of those products. 48 00:02:31,880 --> 00:02:35,720 Speaker 1: It sport and Entertainment to next to sport, and the 49 00:02:35,720 --> 00:02:38,399 Speaker 1: Australian Winter Olympic team is faced an early hurdle after 50 00:02:38,480 --> 00:02:41,440 Speaker 1: arriving in Italy to support staff at their training center 51 00:02:41,680 --> 00:02:45,560 Speaker 1: have tested positive for COVID and Pakistan's decision not to 52 00:02:45,560 --> 00:02:47,800 Speaker 1: play India at the twenty twenty World Cup called cost 53 00:02:47,840 --> 00:02:50,040 Speaker 1: World Cricket more than two hundred and fifty million dollars. 54 00:02:50,480 --> 00:02:53,400 Speaker 1: Well in your Entertainment news, Taylor Swift was spotted at 55 00:02:53,400 --> 00:02:56,680 Speaker 1: a Grammy's after party after skipping the main at show. 56 00:02:56,840 --> 00:03:00,200 Speaker 1: The singer hanging with friends at the Sunday night Bashe 57 00:03:00,320 --> 00:03:03,320 Speaker 1: Abrams has posted a pretty sweet birthday tribute to boyfriend 58 00:03:03,400 --> 00:03:06,240 Speaker 1: Paul Mescal, the singer sharing several snaps of the star 59 00:03:06,440 --> 00:03:10,560 Speaker 1: for his thirtieth celebration as he spends time promoting his 60 00:03:10,840 --> 00:03:14,600 Speaker 1: new movie. And Kelly Clarkson has confirmed she is indeed 61 00:03:14,680 --> 00:03:16,400 Speaker 1: leaving her talk show at the end of the season. 62 00:03:16,680 --> 00:03:18,919 Speaker 1: The star keen to spend more time with her children 63 00:03:18,960 --> 00:03:21,560 Speaker 1: following the death of her ex husband. That's the latest 64 00:03:21,560 --> 00:03:23,600 Speaker 1: from the nov podcast news team. We'll have another episode 65 00:03:23,600 --> 00:03:25,640 Speaker 1: in the update for you tomorrow. I'm Michelle Stephenson.