Sky News host Chris Smith says the RBA rate rise is going to “strike” Australian families “down badly” and they must start preparing for this by talking to their banks.
“You’ve gotta do things about your spending now, so you are
prepared for when this bomb goes off,” he told Sky News host Peta Credlin.
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RBA rate rise is a ‘risk for the Australian economy’Australian Chamber of Commerce and Industry CEO Andrew McKellar says the RBA rate rise decision is a “risk for the Australian economy” as the government tries to avoid the risk of recession. “The reserve bank has to be careful how much more it pushes up interest rates,” Mr McKellar told Sky News Australia. “We don’t want to see a situation where internationally the economy’s slowing, other major economies are going into a risk of recession. “We’ve got to try and avoid that risk here domestically if we can.”
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Australia attends AUSMIN in a ‘different position’ to previous yearsFormer Army General Gus McLachlan says Australia goes into the AUSMIN talks in a “different position” compared to previous years regarding American submarines operating in Australian waters. “We would see American ships operating from Garden Island,” Mr McLachlan told Sky News Australia. “We will see US nuclear submarines frequently operating through and being supported by Australian infrastructure, probably accompanied by a submarine support ship, they just won’t be based here permanently.”
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