New Zealand · AI Agent · OpenAI · Federal Reserve (FED) · The Guardian Technology
Australia news live: Chalmers says ‘near universal expectation’ interest rates will rise worldwide; Mike Baird resigns as
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In response to a question about the expected interest rate hike tomorrow from the Reserve Bank and whether the government is considering doing anything to take pressure off inflation, Chalmers says it is a “near universal expectation of economists and the market that rates will go up around the world, including in Australia”.
Key facts
- Chalmers says payments were down $1.4 bn, and receipts had increased $4.6 bn
- The federal treasurer, Jim Chalmers, and the minister for finance, Katy Gallagher, are speaking to the press about the final budget outcome for the 2025-2026 financial year
- The minister for finance, Katy Gallagher, says the $1.4bn lower spending had come from cutting back on spending on a few particular programs, including aged care, the PBS, across the childcare system
- The email that notification, that OpenAI came to, has been redirected to be monitored 24-7, not once a day, so there has been some short-term responses that Services Australia put
Summary
Conflict in the Middle East in particular will put pressure on inflation, he says. There is no quick and easy way to turn around two decades of underperforming on productivity but they are taking challenge more seriously than their predecessors did. 49m ago Chalmers says final budget outcome for 2025-26 shows deficit is '$6bn better than expected'. The starter’s gun has been fired on the closest New Zealand election campaign in decades, with both major parties staging campaign launches in a tightening race.