The Guardian

Australia news live: Anglicare calls for urgent action on energy debt; banks predict rate cuts in July


Charity says minimum wage doesn’t allow for higher bills. Follow the latest updates live

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Good morning and welcome to our live news blog. I’m Martin Farrer with the best of the overnight stories and then Rafqa Touma will take the helm.

Half of Australia’s big four banks are predicting a cut in interest rates when the Reserve Bank meets a week from Tuesday, following better-than-expected inflation numbers yesterday. It would ease pressure on household budgets and comes as Anglicare calls for action to stop the poorest slipping into more debt. More coming up.

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Source link : https://www.theguardian.com/australia-news/live/2025/jun/26/defence-spending-nsw-queensland-parliament-banks-predict-rate-cuts-in-july-ntwnfb

Author : Martin Farrer

Publish date : 2025-06-25 20:54:00

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