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Australia news live updates: RBA hits pause on interest rates but homeowners warned to ‘buckle up’ for further hikes

Australia news live updates: RBA hits pause on interest rates but homeowners warned to ‘buckle up’ for further hikes

Central bank leaves official cash rate unchanged at 4.1%. Follow live

Foreign minister Penny Wong says the focus of Indonesia’s president Joko Widodo’s visit to Australia will be on strengthening economic ties between the two countries, on ABC RN this morning.

One of the things we’re focused on is how do we improve our economic ties. Obviously, the nation is an increasing economic power and will be over the next decade. We want to make sure we’re partners in that. So there will be a great focus on the economy and the economic relationship.

You’ll see some big changes to make sure we make business travel easier.

Continue reading…

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