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RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008 RBA interest rates live updates: Reserve Bank cash rate decision Get our daily political email, free app or daily news podcast The Reserve Bank governor Michele Bullock has said that “some pain now will prevent even worse pain down the track”, after lifting official interest rates to an 18-year high of 4.85% in a bid to combat persistent inflation. The RBA’s decision to hit mortgage holders for a fifth time in 2026 will intensify pressure on indebted households, but there were signs that th

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Finance

RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008 RBA interest rates live updates: Reserve Bank cash rate decision Get our daily political email, free app or daily news podcast The Reserve Bank governor Michele Bullock has said that “some pain now will prevent even worse pain down the track”, after lifting official interest rates to an 18-year high of 4.85% in a bid to combat persistent inflation. The RBA’s decision to hit mortgage holders for a fifth time in 2026 will intensify pressure on indebted households, but there were signs that th

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Australia’s High Court hears bid to overturn under-16s social media ban

Online giant Reddit and advocacy group Digital Freedom Project argue ban is unconstitutional.

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Lufthansa says 2026 fuel costs to be 2 bn euros higher amid Iran war

German airline giant Lufthansa said Tuesday it expects its 2026 fuel costs to be two billion euros ($2.24 billion) higher than last year as the Iran war keeps global energy prices elevated.

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New York child dies from measles in state’s first fatal case in 30 years

New York governor says case is ‘devastating reminder of what’s at stake’ when vaccine protections are eroded

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Prevention is power: 'We do have the technology and the knowledge, we need to work together'

As France 24 marks World Cancer Day, Carys Garland welcomes Dr. Pinar Uysal Onganer to explore the inner workings and complexities of modern cancer research, treatment, screening, and prevention. While…

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Portugal elects Socialist Party’s Seguro as president in landslide

With 95 percent of votes counted, 63-year-old Antonio Jose Seguro is on 66 percent.

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Meloni’s Trump trouble: Why Italian PM is distancing herself from US leader

The Italian leader's cosy alliance with Trump may have become more of a liability than an asset as key elections near.

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CAF’s Motsepe to visit both Senegal and Morocco amid AFCON fallout

Senegal, who were stripped of the AFCON title, are appealing the decision for the trophy to be awarded to Morocco.

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Russia pummels Ukraine's Odesa and Kharkiv with deadly drone strikes

Russian overnight drone attacks killed at least four people in Ukraine's northeastern Kharkiv region and the southern port city of Odesa, regional officials said on Monday, adding that a mother and her…

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Iran-US truce on brink as Israel pounds Lebanon, Tehran warns of escalation

A fragile two-week truce between Iran and the United States hung in the balance on Wednesday as Tehran threatened renewed hostilities and Israel launched heavy strikes on Lebanon. Both sides claimed…

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