What happened Friday 6 June, 2025
With that, we’ll end our live coverage of the day’s news. Here’s a summary of the main news developments:
The families of the six children killed in a primary school jumping castle incident are angry after the operator who set up the castle was found not guilty of a workplace safety charge.
Police allege Pheobe Bishop’s housemates moved her body twice after murdering her, with investigations indicating the missing 17-year-old is in a national park.
Erin Patterson, who has pleaded not guilty to three counts of murder and one of attempted murder, has told a Victorian court she cannot recall searching online for death cap mushroom sightings.
Incoming independent MP Nicolette Boele says Labor should send clearer signals to investors about climate change and energy supply, warning business confidence on the transition to renewables is being held back.
The opposition leader, Sussan Ley, has walked back claims that an interest in numerology was the reason she added an extra “s” in her name, claiming her comment she made to a journalist in 2015 was a “flippant remark” and not correct.
Thanks for reading. Have a pleasant evening.
Updated
Reserve Bank tipped to cut interest rates again in July
After a week of disappointing economic data, hopes are rising that the Reserve Bank will lower its key interest rate again in July.
Markets have upped their bets to a near-90% chance that another rate cut would arrive when the RBA board next meets in one month’s time. The minutes of the last meeting in May, released on Tuesday, showed the bank was seriously considering a supersized cut just weeks ago.
That was before this week’s data showed the economy growing just 0.2% in the first three months of 2025.
It was enough for analysts to up their bets on a cut next month. Economists at AMP added a July cut to their existing call for two more this year and another in early 2026.
Commonwealth Bank reckons the RBA will wait until August but July is firming as a possibility, according to economist Lucina Jerogin:
July very much remains live, however, as the softer growth data and strong market pricing shifts the balance of probabilities towards a cut.”
But whether or not there’s a reduction in July, markets are expecting three more rate cuts this year with a strong chance of another in 2026. A month ago, they were only sure of two cuts.
Updated
