BREAKING NEWS Major blow for Aussies with a mortgage - and why you should not expect another rate cut anytime soon
Aussie borrowers could miss out on a July rate cut with inflation failing to moderate.
While inflation is within the Reserve Bank's two to three per cent target, new monthly figures for April showed underlying price pressures getting worse.
This could stop the RBA from providing relief at its July 8 meeting, as it instead waits for more comprehensive quarterly data at the end of the month.
The Reserve Bank's preferred trimmed mean measure of inflation showed prices rising by 2.8 per cent over the year, up from an annual pace of 2.7 per cent in March.
Education costs went up by 5.7 per cent while fruit and vegetable prices went up by 6.1 per cent.
Headline inflation was steady at 2.4 per cent when cheaper petrol and electricity with government rebates was factored in.
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15 minutes ago
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BREAKING NEWS Cult hero Aussie cricket star Glenn Maxwell announces shock ODI retirement and reveals the exact moment when he knew he had to quit
Glenn Maxwell has been hailed as one of the most influential figures in one-day cricket history after the destructive batsman retired from the 50-over format. Maxwell announced on Monday he had played his last ODI for Australia, instead opting to focus solely on Twenty20 cricket ahead of next year's World Cup in India and Sri Lanka amid concerns over his body. The 36-year-old's exit from the format comes after Steve Smith also walked away following this year's Champions Trophy, part of a national changing of the guard. Maxwell finishes with the second highest strike-rate in ODI history, with his 3149 career runs struck at a rate of 126.70 and average of 33.81. He also has both the fastest hundred and only double century by an Australian, after his back-to-back epics against Netherlands and Afghanistan in the 2023 World Cup. Maxwell said he had been tempted to play on until Australia's title defence in 2027, but felt his body could no longer handle 50 overs in the field during the Champions Trophy. 'I started to think if I don't have the perfect conditions in 50-over cricket, my body probably struggles to get through,' Maxwell said in an extended interview on the Final Word Podcast. 'I realised it was probably a bit far-fetched to to keep I suppose reaching for that next series and try to hold on. 'In reality, I think I'd be doing a disservice to the team ... more hoping rather than expecting to get through. 'I don't think that would be fair to anyone.' Maxwell broke onto the scene when he was picked for an ODI against Pakistan in Sharjah in 2012 as a batting allrounder. He almost immediately followed the line of Michael Bevan and Mike Hussey as great middle-order talents, albeit with more flair and punch. The right-hander played a prominent role in Australia's 2015 success on home soil, belting 102 from 53 balls against Sri Lanka in a match at the SCG. He was dropped from the team a year later, but was back for the 2019 World Cup and then had his crowning moment four years later in India. With Australia's spot in the tournament in peril, Maxwell famously blasted an unbeaten 201 from 128 balls while batting on one leg to take Australia from 7-91 to a successful chase of 292 against Afghanistan. 'I'm extremely fortunate that I was able to have my moment,' Maxwell said. 'Almost everything that you've worked hard for, the peak of your powers, being able to put it in front of the world to see. 'It's almost like saying this is the best of me, you can either take it or leave it, but this is all I've got.' Maxwell would hit the winning runs in the final against India, after also getting the key wicket of Rohit Sharma with the ball. 'Congratulations to Glenn on what has been one of the most exciting and influential one-day international careers in the format's history,' Cricket Australia CEO Todd Greenberg said. 'Glenn's ballistic batting has lit up the cricket world and been one of the cornerstones of Australia's continued success in the 50 over game, including his heroic role in the 2023 World Cup triumph.'
Daily Mail
22 minutes ago
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Famous AFL fan reveals why he RELUCTANTLY got rid of his 'good luck' swastika tattoo
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Reuters
24 minutes ago
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Erin Patterson: Australian woman accused of triple mushroom murders gives evidence
SYDNEY, June 2 (Reuters) - An Australian woman accused of murdering three of her estranged husband's elderly relatives by serving them a lunch laced with poisonous mushrooms began giving evidence during her trial on Monday, in a case that has gripped the nation. Erin Patterson, 50, is charged with the July 2023 murders of her mother-in-law Gail Patterson, father-in-law Donald Patterson and Gail's sister, Heather Wilkinson, along with the attempted murder of Ian Wilkinson, Heather's husband, in a case that has gripped Australia. All four fell ill after a lunch of Beef Wellington, mashed potatoes and green beans, the court has heard. Prosecutors allege the accused laced the meal with highly poisonous death cap mushrooms at her home in Leongatha, a town of around 6,000 people some 135 km (84 miles) from Melbourne. Erin Patterson denies the charges, with her defence saying the deaths were a "terrible accident". Beginning her evidence towards the end of the day's session, Erin Patterson said on Monday her relationship with estranged husband Simon Patterson had been in difficulty shortly after they married in 2007. "We could never communicate in a way that would make each of us feel heard and understood," she told the court. She had also grown apart from Simon's parents, Donald and Gail, at the time of their deaths, she added. "I had felt for some months that my relationship with the wider Patterson family, particularly Don and Gail, had a bit more distance or space put between us," she said. Earlier on Monday the prosecution rested its case, following a month of evidence from witnesses, including relatives and medical, forensic and mushroom experts. Simon Patterson gave evidence earlier in the trial, characterising the relationship between him and the accused as strained at the time of the alleged murders. The trial, that began on April 29, has seen intense interest from Australian and international media, with podcasters, journalists and documentary-makers descending on the town of Morwell, around two hours east of Melbourne, where the trial is being held. Erin Patterson is expected to resume her evidence on Tuesday, when the trial continues.
