Good morning from Sydney. It’s Ed right here with the information you have to begin your day.
Today’s must-reads:
• Albanese boosts crucial minerals financing
• RBA received’t hesitate to hike once more
• Power market volatility worries BHP
Prime Minister Anthony Albanese introduced a A$2 billion growth in crucial minerals financing in a possible enhance for clear vitality and exports. The funding, unveiled throughout his four-day go to to the US, will assist finance mining and processing initiatives for supplies important to high-end manufacturing and business.
The RBA “will not hesitate” to lift rates of interest additional if there’s a cloth upgrade to its inflation outlook, new Governor Michele Bullock mentioned, in her strongest reference but to the specter of renewed value pressures.