What happened today, Wednesday 15 February
With that, we’ll wrap up our coverage of the day’s news.
Here’s a summary of the main developments:
The Reserve Bank governor, Philip Lowe, flagged further rate rises will be needed to tame inflation when he appeared before a parliamentary committee on Wednesday in his first public address of 2023.
Commonwealth Bank has reported a record half-year cash profit of $5.15bn, up 9%, after profiting from a series of rapid-fire interest rate rises that have inflated its profit margins.
Large parts of Australia are set to swelter through another heatwave in the coming days with hot weather warnings in place across the country.
The New South Wales government has ramped up pressure on Anthony Albanese to block a controversial gas exploration licence off the state’s coast, calling on Labor to pass legislation banning offshore drilling.
The NSW premier, Dominic Perrottet, has stood by under-siege Liberal party MP Peter Poulos after it was revealed he leaked explicit photos of a female rival.
The neurosurgeon Charlie Teo says he does not regret performing two brain surgeries that led to him being investigated by health authorities.
Property prices are dropping from Byron Bay to Geelong as rising interest rates and the end of Covid curbs sap the urge of city folk to shift to the beach or the bush.
Thanks for tuning in. We’ll be back tomorrow to do it all over again.
Updated
Boy dies after being hit by bus outside Sydney school
A 10-year-old boy has died after being hit by a school bus in Sydney’s south-west.
The accident occurred about 3pm on Wednesday outside Macarthur Anglican school in Cobbitty and left the boy with critical injuries, police said.
He was treated by paramedics at the scene and taken to Liverpool hospital but died soon after.
The bus driver, a 60-year-old woman, has been taken for mandatory testing and is assisting police with their inquiries.
Specialist crash investigators have examined the crash scene.
–AAP
Updated
