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Australia politics live: Marles confirms ADF troops safe after drone strike on UAE base; ‘live’ chance of March rate hike, RBA chief says | Australia news

Australia politics live: Marles confirms ADF troops safe after drone strike on UAE base; ‘live’ chance of March rate hike, RBA chief says | Australia news

Marles confirms Australian defence personnel safe after UAE base hit by drone strike

The defence minister, Richard Marles, says an airbase used by the Australian defence force near Dubai was hit by a drone strike over the weekend, but said all personnel are “safe and accounted for”.

Speaking to Sunrise earlier this morning, he says some drones attacked the Al Minhad Airbase in the United Arab Emirates on the first night.

He says Australians have operated from the base for “many years”.

double quotation markThey’re [Australian personnel] all accounted for. They are all safe. We’ve got north of 100 serving personnel actually across the Middle East in a range of countries, but most are in the UAE.

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Benita Kolovos

Victorian treasurer says she’s ‘factoring potentially another rate rise’

The Victorian treasurer, Jaclyn Symes, was asked at an earlier press conference about the possibility of another interest rate hike in this month.

RBA Governor, Michele Bullock said this morning the prospect of a rate hike at the next meeting in two weeks was “live”.

Symes says it’s “really difficult to forecast” whether it will happen, given the war in the Middle East.

double quotation markObviously, the latest announcement from the RBA for a rate hike was certainly not welcome news for working people in Victoria. It obviously adds to those cost of living pressures right now. Geopolitical influences probably make it really difficult to forecast what would be next.

Having said that, because of inflation, because of things, where things have been headed, of course, we’re factoring potentially another rate rise. I think given the uncertainty at the moment, what that will do to inflation and where that goes in relation to future interest rates we’ll have to wait and see.

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