1 00:00:04,920 --> 00:00:09,479 Speaker 1: Hello, Welcome to the Undate. I'm Michelle Stevenson Well. The Treasurer, 2 00:00:09,560 --> 00:00:12,320 Speaker 1: says the Reserve Bank's decision to keep interest rates on 3 00:00:12,400 --> 00:00:16,040 Speaker 1: hold highlights the progress that Labor has made on curbing inflation. 4 00:00:16,560 --> 00:00:19,200 Speaker 1: The RBA Board opted to leave the official cash rates 5 00:00:19,200 --> 00:00:22,240 Speaker 1: steady at four point one percent, admitting that global economic 6 00:00:22,360 --> 00:00:26,320 Speaker 1: uncertainty was a key factor. Jim Chalmers says, underlying inflation 7 00:00:26,480 --> 00:00:27,360 Speaker 1: continues to fall. 8 00:00:27,480 --> 00:00:30,000 Speaker 2: Our rates have already started coming down this year and 9 00:00:30,040 --> 00:00:32,839 Speaker 2: that's a good thing. When we came to office, inflation 10 00:00:33,000 --> 00:00:36,320 Speaker 2: and interest rates were both rising, and now inflation and 11 00:00:36,400 --> 00:00:38,040 Speaker 2: interest rates are both falling. 12 00:00:38,600 --> 00:00:42,360 Speaker 1: Shadow Treasurer Angus Taylor, though, hit back. He says Ossie's 13 00:00:42,400 --> 00:00:45,600 Speaker 1: a losing hope as they continue to struggle with cost 14 00:00:45,600 --> 00:00:45,920 Speaker 1: of living. 15 00:00:46,080 --> 00:00:49,640 Speaker 3: The Reserve Bank kept interest rates on hold, which continues 16 00:00:49,680 --> 00:00:54,240 Speaker 3: to underscore for Australians is there's no fast pathway back 17 00:00:54,280 --> 00:00:56,680 Speaker 3: to the standard of living they had when Labor came 18 00:00:56,720 --> 00:01:00,760 Speaker 3: to power. Australian's standard of living have collect apsed since 19 00:01:00,840 --> 00:01:02,000 Speaker 3: Labor came to power. 20 00:01:02,440 --> 00:01:05,959 Speaker 1: The Victorian government has been condemned for making a hasty 21 00:01:05,959 --> 00:01:08,560 Speaker 1: political decision when it put its hand up to host 22 00:01:08,560 --> 00:01:11,880 Speaker 1: the twenty twenty six Commonwealth Games scribing the event caused 23 00:01:11,880 --> 00:01:15,399 Speaker 1: taxpayers five hundred and eighty nine million dollars, with a 24 00:01:15,440 --> 00:01:18,119 Speaker 1: final report point in the blame at former Premier Daniel 25 00:01:18,160 --> 00:01:22,960 Speaker 1: Andrews and his ministers. Our back communities are facing up 26 00:01:23,000 --> 00:01:26,679 Speaker 1: to two months of isolation as floodwaters moved south into 27 00:01:26,760 --> 00:01:30,119 Speaker 1: New South Wales. Farmers have been closely watching the devastation 28 00:01:30,319 --> 00:01:33,319 Speaker 1: unfolding Queensland, or up to one hundred thousand cattle and 29 00:01:33,400 --> 00:01:36,880 Speaker 1: sheep are missing. The rising inland Sea is expected to 30 00:01:36,880 --> 00:01:40,480 Speaker 1: cross the border this week. Jetstar is dealing with two 31 00:01:40,520 --> 00:01:44,039 Speaker 1: serious onboard incidents. The carrier has confirmed that a flight 32 00:01:44,040 --> 00:01:46,920 Speaker 1: from Barley to Melbourne had to return to Dempasa after 33 00:01:46,959 --> 00:01:49,240 Speaker 1: a passenger trying to open one of the aircraft doors 34 00:01:49,280 --> 00:01:52,760 Speaker 1: and was abusive to crew. While on an earlier flight 35 00:01:53,120 --> 00:01:56,320 Speaker 1: from Melbourne to Balley, passengers through punches in an ugly 36 00:01:56,320 --> 00:01:59,600 Speaker 1: clash over a reclining seat and a major retailer will 37 00:01:59,640 --> 00:02:02,240 Speaker 1: be offload owning twenty million dollars worth of stock as 38 00:02:02,280 --> 00:02:05,880 Speaker 1: it enters into administration. There are major discounts on three 39 00:02:05,960 --> 00:02:09,639 Speaker 1: hundred and fifty thousand items at Jean's West stores, It's 40 00:02:09,639 --> 00:02:13,120 Speaker 1: Sport and Entertainment to next just Sport of Rabbit o 41 00:02:13,200 --> 00:02:16,080 Speaker 1: staraler Treell Mitchell has been named as a center for 42 00:02:16,080 --> 00:02:19,480 Speaker 1: Friday Nights Clash with Roosters, Mitchell returns from a hamstring 43 00:02:19,520 --> 00:02:23,040 Speaker 1: injury and Soccaroo's legend Robbie Slater is calling on. Sam 44 00:02:23,080 --> 00:02:25,480 Speaker 1: Curtis stepped down from Cap and cy duties for the 45 00:02:25,520 --> 00:02:29,440 Speaker 1: Matildas in Entertainment News Now, and Marley Cyrus is counting 46 00:02:29,480 --> 00:02:32,960 Speaker 1: down until she releases her newest music. She's given fans 47 00:02:33,000 --> 00:02:35,560 Speaker 1: of sneak peak though of End of the World, which 48 00:02:35,600 --> 00:02:37,000 Speaker 1: is out on April three. 49 00:02:37,240 --> 00:02:39,960 Speaker 2: Let's preten Let's not the in the lore. 50 00:02:46,000 --> 00:02:46,920 Speaker 3: Let's Putty, and. 51 00:02:49,080 --> 00:02:51,680 Speaker 1: Kanye has revealed he didn't want to have kids with 52 00:02:51,720 --> 00:02:55,839 Speaker 1: ex Kim Kardashian so soon into their relationship. The controversial 53 00:02:55,919 --> 00:02:58,520 Speaker 1: rapper make it the claim while wearing a KKK outfit 54 00:02:58,600 --> 00:03:02,160 Speaker 1: during a bizarre new interview. And Sydney Sweeney is now 55 00:03:02,200 --> 00:03:05,680 Speaker 1: officially single after ending things for good with Jonathan Devino. 56 00:03:06,120 --> 00:03:08,799 Speaker 1: The pair had called off their wedding earlier this month, 57 00:03:08,919 --> 00:03:11,240 Speaker 1: and we're trying to work through their issues after seven 58 00:03:11,320 --> 00:03:14,680 Speaker 1: years together, but they've now called it quits. And that's 59 00:03:14,680 --> 00:03:16,480 Speaker 1: the latest from the Nova podcast news Team. We'll have 60 00:03:16,520 --> 00:03:19,400 Speaker 1: another episode of the Update for you tomorrow. I'm Michelle Stevenson.