Interest rates forecast: What impacts the RBA’s interest rate decisions?

Labor is set to introduce legislation capping prescription costs on the Pharmaceutical Benefits Scheme at $25 from 2026, following discussions with women affected by endometriosis, highlighting the financial strain of chronic conditions. Prime Minister Albanese and Health Minister Butler defended health policies amid criticism of rising out-of-pocket costs, emphasizing their commitment to improving Medicare access. Want More Context? 🔎

The upcoming Ashes Test in Perth on November 21 is expected to be the largest cricket match ever held in the city, with the first day's tickets already sold out and the second day nearing capacity. This match marks the first Ashes Test at Optus Stadium and has generated significant interest, including over 20% of tickets sold to visitors from the east coast. Want More Context? 🔎

Muchea Livestock Centre was awarded the 2025 Industry Advocate Award at the National Saleyard Conference for its significant contributions to animal welfare, community support, and economic impact, handling over 500,000 sheep and 70,000 cattle annually. The centre’s leadership, recognized by industry figures, emphasizes the vital role of saleyards in livestock markets and their commitment to best practices in biosecurity and animal welfare. Want More Context? 🔎

The operator of the Ruby Princess cruise ship, Carnival, will remain liable for compensating passengers affected by COVID-19 after a failed appeal against a class action ruling that deemed the company negligent. The court found that Carnival should have canceled the cruise, which resulted in 28 deaths and 663 infections, and a lead plaintiff was awarded $4,423 for medical expenses, though her request for larger damages was denied. Want More Context? 🔎

A gunman opened fire in an upscale New York skyscraper, killing at least three people, including a police officer, and injuring several others before barricading himself in a room on the 33rd floor, where he was later found dead from a self-inflicted shotgun wound. The incident prompted a large emergency response, with the New York Police Commissioner confirming the shooter was neutralized, while the motive is still under investigation. Want More Context? 🔎

US President Donald Trump has set a new 10 to 12-day deadline for Russia regarding its war in Ukraine, expressing frustration with President Putin's lack of progress and threatening sanctions on Russia and its export buyers. Ukrainian President Zelensky praised Trump's assertiveness, emphasizing the importance of sanctions in achieving peace and expressing readiness to collaborate with the US to end the conflict. Want More Context? 🔎