Australia news live: Andrew Forrest says Coalition’s abandonment of 2030 emissions target would ‘decimate’ economy; RBA expected to spare borrowers interest rate rise

Fortescue boss says Peter Dutton’s opposition ‘dreaming’ on switch to nuclear power in 2049; Reserve Bank tipped to keep cost of borrowing at 4.35%. Follow today’s news headlines live

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The Reserve Bank wraps up its latest two-day board meeting this afternoon with Australia’s borrowers expected to be spared another interest rate rise.

All economists surveyed by Reuters are expecting the cash rate to remain steady at 4.35% for a fifth consecutive meeting.

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source https://www.theguardian.com/australia-news/live/2024/jun/18/australia-news-live-li-qiang-anthony-albanese-china-rba-interest-rates-peter-dutton-emissions-reduction-nuclear