The day that was, Tuesday 5 July
That is where we will leave the live blog for Tuesday.
Here’s what made the news today:
- The Reserve Bank of Australia raised the cash rate by 0.5% to 1.35% as it keeps pushing to get inflation under control. Some experts have tipped it could peak as high as 2.6% in the coming months.
- The treasurer, Jim Chalmers, has said it will get worse over the coming months before it gets better and the economic response will be detailed in the October budget.
- The shadow treasurer, Angus Taylor, has insisted that is too slow, and the government needs to announce its plans now.
- The flood situation in New South Wales is going to continue with rain expected over the next few days, centred towards the mid north coast. There were over 150 flood rescues during the day, and over 200 people turned up to the nine evacuation centres in the state.
- Federal disaster relief payments have been made available to the 23 flood-affected areas in NSW.
- The prime minister, Anthony Albanese, will visit flood-ravaged areas of NSW on Wednesday with the NSW premier, Dominic Perrottet.
- Albanese returned from his trip to Europe and his visit to Ukraine, defending his overseas trips, stressing the importance of international relationships, and the work his team is doing back home.
- Train delays are set for Sydney on Wednesday after the NSW government failed in its case with the Fair Work Commission to have the strike stopped.
- There were at least 46 Covid-19 deaths in Australia reported on Tuesday.
Until next time, stay safe.
Novak Djokovic not included.
More than 460 people received a medical exemption to vaccination rules between December 2021 and end of January 2022, according to Home Affairs FOI log pic.twitter.com/sff1l3aDEb
— Tom McIlroy (@TomMcIlroy) July 5, 2022
