Good morning from Sydney. It’s Ed here with the news you need to start your day.
Today’s must-reads:
• Albanese boosts critical minerals financing
• RBA won’t hesitate to hike again
• Power market volatility worries BHP
Prime Minister Anthony Albanese announced a A$2 billion expansion in critical minerals financing in a potential boost for clean energy and exports. The investment, unveiled during his four-day visit to the US, will help finance mining and processing projects for materials vital to high-end manufacturing and industry.
The RBA “will not hesitate” to raise interest rates further if there’s a material upgrade to its inflation outlook, new Governor Michele Bullock said, in her strongest reference yet to the threat of renewed price pressures.