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The Reserve Bank has raised interest rates for the fourth month in a row, raising its target rate by half a percentage point. Key points: RBA has raised interest rates by 0.5 percentage point The target cash rate has now increased by 1.75 percentage points since early May to 1.85 percent A cash rate increase since early May will add about $472 per month to a $500,000 loan payment The RBA has now raised its benchmark interest rate by 1.75 percentage points since the first rate hike in May, with the target rate at 1.85 percent. In his post-meeting statement, Reserve Bank Governor Philip Lowe said the latest rate hike is unlikely to be the last this year. “The board expects to take further steps in the process of normalizing monetary conditions over the next few months, but not on a predetermined path,” he said. “The size and timing of future rate hikes will be guided by incoming data and the board’s assessment of the inflation and labor market outlook. “The B...

Watching a man clean the remains of a devastating flood from his home was a solemn moment for actor and producer Rachel Griffiths. Key points: Griffiths presents a new ABC art series called Great Southern Landscapes The first episode takes it to the Hawkesbury River where residents carry out their third flood cleanup in 12 months The series will premiere on ABC at 8 p.m. on August 9 He was traveling across Australia to shoot earlier this year when a painting by Arthur Streeton pulled him into the Hawkesbury River in New South Wales. Griffiths met with communities recovering from their third flood in 12 months. “Standing with a pressured man washing his house for the third time and feeling so connected to a place he didn’t believe he had the ability to face or accept nature’s wrath — it was one of our most moving times,” Griffiths said. . He never imagined that the local Rohan Smith he interviewed would do his fourth cleanup just a few weeks later. Griffiths come...

Richmond coach Damien Hardwick has explained why tall defender Ben Miller was substituted in the final quarter of the Tigers’ crucial draw with Fremantle. Key points: Tigers defender Ben Miller was medically substituted at the end of the game with Fremantle Reports differ as to why Miller was left out of the game, with Damien Hardwick saying it was a calf injury A player may only be substituted if he is reasonably determined as medically unfit to participate in any match for at least the next 12 days With Richmond leading by one goal after 16 minutes of play in the final quarter, Miller came on to the bench and was medically out of the game for the smaller, faster Maurice Rioli. A minute later, Fremantle equalized through Bailey Banfield’s goal, which led to the first draw of the 2022 AFL season. The substitution raised eyebrows, with Miller not appearing to suffer any visible injury. A medical substitute rule is in place ahead of the 2021 season, with doctors supposed to de...

South Africa have pulled out of a one-day international series against Australia scheduled for mid-January in what appears to be a major setback to Proteas’ hopes of qualifying directly for next year’s ODI World Cup. This is also a boost for the KFC Big Bash League with some of the national Test stars now set to be released to their clubs after the Sydney Test until the end of the series finale. Cricket South Africa (CSA) have asked Cricket Australia (CA) to reconsider the dates of the three matches originally set for January 12-17 due to clashes with their new T20 franchise league, but CA announced today that they were unable to find alternative dates for reschedule the series. Due to South Africa’s withdrawal, Australia’s Dettol T20I match against West Indies on 7 October has been moved from Metricon Stadium to Gabba, while the first match of the T20I series against England on 9 October will be played at Perth Stadium instead of Perth Stadium. Gabbah. The Aust...

England were back on level terms in a three-Test series against Australia but the charge for the Wallabies was significantly greater than the 25-17 reverse in the second Test at a hectic Suncorp Stadium. The Wallabies’ rankings are thin ahead of a decider in Sydney next week. Australia lost Izzy Perese and Cadeyrn Neville to potentially serious knee injuries, while Jordan Perese, playing at full-back for the first time for the Wallabies, lasted only a few minutes before he was forced off and is likely to miss next week with a concussion. protocol. And substitute Scott Sio added to the carnage that followed moments after coming on with a shoulder injury. If that wasn’t bad enough – with the Wallabies missing Tom Banks to a broken arm in the win a week earlier – his replacement Andrew Kellaway revealed at half-time that he would be out for eight weeks with a hamstring injury sustained in training on Tuesday. . “I feel for those people,” said Samu Kerevi. “They work very ha...