The case for an RBA interest rate cut is weak, as inflation remains within target, and a rate cut would further distort economic allocation and penalize savers while rewarding inefficiency. Calls for easing are driven by flawed economic models and political convenience, risking further currency depreciation and undermining the RBA’s commitment to price stability.
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Body found after search for woman swept away by flood
Police discovered the body of a 26-year-old woman who was swept away after a car became stranded in floodwaters in Rothbury, NSW, while attempting to drive through Black Creek. A 27-year-old woman, the driver, was rescued, as heavy rain and snow caused widespread flooding, leading to over 2500 emergency incidents and multiple rescues by the NSW State Emergency Service. Want More Context? 🔎
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