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The Guardian - AU
The Guardian - AU
National
Stephanie Convery and Nick Visser (earlier)

Westpac and CBA pass on cut after RBA reduces cash rate – as it happened

Michele Bullock
The Reserve Bank has been watching the housing market, RBA governor Michele Bullock said. Photograph: Dan Himbrechts/AAP

What we learned, Tuesday 12 August

And that’s where we’ll leave you this evening. Here’s a snapshot of today’s headlines:

  • Anthony Albanese claimed Israel’s leader, Benjamin Netanyahu, is “in denial” about the suffering of civilians in Gaza, and said frustration with Israel’s actions partly contributed to the decision to recognise a Palestinian state.

  • Opposition leader Sussan Ley says the Coalition would revoke recognition of a Palestinian state and would “never have taken this step” of recognising a Palestinian state if they were in power.

  • The Reserve Bank has cut the cash rate by a quarter of a percentage point to 3.6%, from 3.85%.

  • Treasurer Jim Chalmers hailed the rate cut as “very welcome relief for millions of Australians”.

  • Westpac, the Commonwealth Bank and Macquarie have all announced they will pass on today’s interest rate cut to their customers.

  • Voters in Kiama, NSW, will head to the polls next month for a byelection to replace former MP Gareth Ward.

  • Epic Games, the creator of the popular video game Fortnite, has won a partial victory against Apple and Google in the Australian federal court over the restrictions in their app stores and in-app payment options.

  • The health effects of Pfas appear to be small, the NSW Health Expert Advisory Panel on Pfas has concluded in its final report.

  • The AFL has announced that American rapper Snoop Dogg will grace the MCG for this year’s grand final entertainment.

Thanks for your company today. Nick Visser will be back with you bright and early tomorrow morning to bring you all of Wednesday’s news. Look after yourselves until then.

Updated

Man dies in snowboarding accident

A person has died at Perisher Ski Resort in the Snowy Mountains today, Guardian Australia understands. Early reports suggest a man died after a snowboarding accident this afternoon. Emergency services are yet to comment on the incident.

Updated

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