FEAR & GREED | Business News Afternoon Report | Rates on hold
Dec 9, 2025
The Reserve Bank of Australia decides to keep interest rates on hold amid concerns over inflation risks, causing the ASX to close lower. Bapcor's shares tumble following an earnings downgrade, signaling trouble ahead. In a touching moment, the funeral of Graham Richardson is highlighted, including candid remarks from political figures. A Senate hearing reveals alarming details about TPG's emergency call failures, linked to potential fatalities. Meanwhile, a powerful 7.5 magnitude earthquake shakes northeastern Japan, leading to evacuation and power disruptions.
AI Snips
Chapters
Transcript
Episode notes
RBA Holds Rates, Flags Higher Inflation Risk
- The RBA left rates unchanged but warned inflation risks had tilted higher, shifting market expectations.
- Markets still price a hike next year, and stocks and the Aussie dollar reacted negatively.
Broad Market Weakness With Miners Outperforming
- The ASX 200 closed down about 0.45% with losses across all 11 sub-indices led by energy, healthcare and tech.
- Big miners outperformed while major banks showed a mixed performance.
Richo's State Funeral And Political Attendance
- Former Labor power broker Graham Richardson received a state funeral attended by figures across politics and media.
- Barnaby Joyce summed up Richardson as having "Absolute and utter ruthlessness."