The Daily Aus Headlines: RBA Governor fronts parliamentary committee
Sep 22, 2025
The Reserve Bank of Australia signals a positive outlook on inflation but cautions about overseas risks. A review reveals a troubling 'culture of fear' within Victoria’s exams body, prompting calls for better leadership. In a significant development, super typhoon Ragasa leads to mass evacuations in the Philippines, while Australia announces a new needle-free flu vaccine for children, aiming to increase vaccination rates. Exciting news all around!
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Inflation Near Target But Stay Cautious
- RBA Governor Michelle Bullock says underlying inflation has made really good progress and is near the midpoint of the target range.
- She warns Australia must stay cautious because tariff-related inflation overseas could change the outlook.
Underlying Inflation Explained
- Underlying inflation removes volatile items to show more stable price trends and is now 2.7%.
- The RBA forecasts it will settle around 2.5%, close to the 2–3% target midpoint.
VCAA Review Found Culture Issues
- A review of the Victorian Curriculum and Assessment Authority found a culture of fear after a Year 12 exam mix-up.
- The review recommends leadership and structural changes and the Victorian government accepted all 11 recommendations.