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Reserve Bank causing households ‘too much pain’ with rate rises, says union chief Sally McManus

Australian Council of Trade Unions secretary, Sally McManus, made the comments on Thursday after a ninth interest rate hike – and suggestions more increases will follow – sparked fears monetary policy could be tightened too far, risking recession.Sign Lynn, 56, has pleaded not guilty to murdering Russell Hill, 74, and Carol Clay, 73, who went missing in March 2020 while camping in the Wonnangatta Valley, north-east of Melbourne.Sign
Source: https://www.theguardian.com/australia-news/2023/feb/10/angus-taylor-behind-decision-to-delay-energy-price-rise-report-until-after-2022-election

Exclusive: Department of the Prime Minister and Cabinet has revealed Scott Morrison and Josh Frydenberg also knew of the decisionFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe former energy minister Angus Taylor asked his department to consider delaying telling voters about electricity price rises before the May election, then made the decision to do so.Taylor told media in October that he didn’t know about incoming price rises and that he didn’t see the Australian Energy Regulator’s report proposing to increase the default market offer. In May last year, a spokesperson for Taylor rejected claims the delay was for political reasons.Sign Lynn, 56, has pleaded not guilty to murdering Russell Hill, 74, and Carol Clay, 73, who went missing in March 2020 while camping in the Wonnangatta Valley, north-east of Melbourne.Sign
Source: https://www.theguardian.com/australia-news/2023/feb/09/reserve-bank-causing-households-too-much-pain-with-rate-rises-says-union-chief-sally-mcmanus

Exclusive: Department of the Prime Minister and Cabinet has revealed Scott Morrison and Josh Frydenberg also knew of the decisionFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe former energy minister Angus Taylor asked his department to consider delaying telling voters about electricity price rises before the May election, then made the decision to do so.Taylor told media in October that he didn’t know about incoming price rises and that he didn’t see the Australian Energy Regulator’s report proposing to increase the default market offer. Australian Council of Trade Unions secretary, Sally McManus, made the comments on Thursday after a ninth interest rate hike – and suggestions more increases will follow – sparked fears monetary policy could be tightened too far, risking recession.Sign In May last year, a spokesperson for Taylor rejected claims the delay was for political reasons.Sign
Source: https://www.theguardian.com/australia-news/2023/feb/09/accused-campsite-killer-greg-lynn-could-face-trial-in-october

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