CHRISTOPHER STEVENS reviews last night's TV 'One quarter century down:' Leonardo DiCaprio's girlfriend Camila Morrone shares a smiling selfie from Minnesota on her 25th birthdayĭrake sends fans into a frenzy as he announces surprise release of new album Honestly, Nevermindĭeja vu or a repeat? You may have seen this time-loop thriller before. as her trip to Australia is exposed as a HOAX Inside Kim Kardashian and Pete Davidson's tropical island getaway in Tahiti. Jacob Elordi steps out in low-key style to watch classic film noir Gilda with friends in Los AngelesĪziz Ansari and Swedish scientist Serena Skov Campbell wed in Tuscany, Italy in front of 120 guests including Riz Ahmed Julia Fox rides E-BIKE while clad in tiny mini-skirt to the Tribeca Film Festival premiere of Savitree: 'I'm a "by any means" type of b****!' Love Island 2022: 'Is it because the new boys haven't given you attention?' Luca takes a savage swipe at Gemma after she voices doubts over their romance Shayne Ward reveals he's welcomed a baby BOY with fiancée Sophie Austin after being told they were having a second daughter Worried about the rising cost of living? Use our calculator to see if changes in National Insurance could help save YOU money following hostile exchange with fan who knocked over his wife Rita WilsonĮmma Thompson bares body and soul in this touching tale of sexual awakening: BRIAN VINER reviews Good Luck to You, Leo GrandeĪl Pacino and Robert De Niro show support for The Godfather as iconic film receives special 50th anniversary tribute and screening at Tribeca Festival in NYCĪnnie Lennox sports a camouflage 'global feminist' jumpsuit as she joins Eurythmics bandmate Dave Stewart at the Songwriters Hall of Fame gala Tom Hanks seen visiting The Late Show With Stephen Colbert in NYC. TV gardener Daisy Payne shows one family how easy it is to bring wildlife into their garden (and you can too!) Katie Holmes showcases her bold fashion sense in billowing jeans and cropped black blazer as she steps out in NYC How Aussie café was exposed for LYING about Kim Kardashian being in Australia with Pete Davidson - even though she hasn't been Down Under in years
#GAY SAGET AGE OF DEATH TRIAL#
'There is still a bounce back from all the Covid-19 restrictions, people are spending in a way they weren't able to do last year,' he said.īlac Chyna WINS bid to force her ex Rob Kardashian to stand trial 'for posting naked revenge porn photos of her online' - but his lawyers say settlement was previously agreed US inflation is at 8.6 per cent, its highest level in 41 years.īut Dr Lowe is confident the Australian economy will continue to grow pretty strongly over the next six to 12 months. His comments came as global share markets are in turmoil fearing the US economy could fall into recession if the Federal Reserve raises interest rates aggressively to combat its own inflation problem.
He said the economy is in remarkable shape with the unemployment rate at a 48-year low, of 3.9 per cent, households having built up financial buffers of around $250 billion and the number of people falling behind on their mortgage repayments declining. We thought we needed to respond to that,' he said.
It's been much more resilient and inflation has been higher. 'The economy didn't evolve as we expected. Just last year, the RBA had repeatedly said it would keep the cash rate at 0.1 per cent until 2024 'at the earliest', but Dr Lowe said that was never a promise. 'That's a very high number and we need to be able to chart a course back to two to three per cent inflation. 'At the moment, it's five per cent and by the end of the year, I expect inflation to get to seven per cent,' he told the ABC 7.30 host Leigh Sales in a rare interview. That is also much higher than the existing rate of inflation of 5.1 per cent - itself the highest since 2001 as average petrol prices climbed above $2 a litre.īorrowers are being warned the cash rate could surge to 2.5 per cent for the first time in eight years, which would see a typical borrower with a $600,000 mortgage owe the bank $725 extra a month on their repayments.ĭr Lowe admitted bringing inflation within the central bank's target would be difficult, in his first appearance since the RBA this month raised the cash rate by half a percentage point. Reserve Bank governor Philip Lowe has warned Australians to brace for higher than expected interest rates, as inflation soars to levels unseen in 32 years.ĭr Lowe said he is now expecting inflation to hit seven per cent by the end of 2022 - which would be the highest level since the June quarter of 1990 ahead of a recession the following year.