The Reserve Bank of Australia is expected to raise interest rates to an 18-year high on Tuesday, according to a live report from The Guardian's live coverage of the meeting. The outlet described the move as the fifth hike this year and published its report ahead of the bank's cash rate decision and announcement.
The Guardian's live page is credited to reporter Nick Visser. The available summary of that page does not state the size of the expected increase, and it does not include the bank's own announcement.
In a separate item within the same coverage, The Guardian reported that when asked why Labor cannot guarantee it will not find net savings in the mid-year budget update, Chalmers told RN that the government is undertaking that task this month, ahead of December's release. The summary does not say what the savings work is expected to produce.
The summary ends partway through a sentence about the government's work, so the rest of that exchange cannot be confirmed from the summary alone. The full live account, including the outcome of the rate decision, was not part of the material reviewed.
Taken from the summary alone, the report establishes two points: the expected rate increase on Tuesday, described as the fifth this year, and the government's stated work on mid-year budget savings, which Chalmers said is under way this month ahead of the December release.