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Inflation is predicted to fall when the latest figures come out later today - but not in time, or enough, to help lower interest rates just yet.
"The Reserve Bank economists told the Cost of Living committee that I chair that, unless they see a reduction in public sector expenditure, well, then they're not going to be able to bring interest rates down any sooner."Foreign Minister Penny Wong says the higher number of Australians in Lebanon means the government can't mount an evacuation exercise on the scale it has in previous troubled areas.
"The numbers in relation to Lebanon are much higher than anything that we have seen in our evacuations out of Sudan or Israel, or those we have taken from Gaza. So, these are very large numbers of Australians who are in Lebanon, which is why the Prime Minister and I have been calling for some time for people to leave. I would urge people, if you are able to leave by other means, please do so.
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