Headlines: RBA Governor fronts parliamentary committee

Today's headlines include:

• The head of the Reserve Bank of Australia (RBA) has told Government officials that the economy is in a "very good position in terms of inflation."
• A review into Victoria’s exams body has found a “culture of fear” and a lack of leadership.
• Evacuation orders are in place for thousands of people in the Philippines, as super typhoon Ragasa is expected to cross the nation’s northern islands.
• And today’s good news: South Australia has become the third state to announce the rollout of a needle-free flu vaccine for children.

Hosts: Emma Gillespie and Lucy Tassell
Producer: Elliot Lawry

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Episode Transcript

Speaker 1 (00:05):
From The Daily Oz. I'm Emma Gillespie, I'm Lucy Tassel.
It's Monday, the twenty second of September. Here's what's making
headlines this evening.

Speaker 2 (00:14):
The head of the Reserve Bank of Australia or the RBA,
has told government officials that the economy is in a
quote very good position in terms of inflation. RBA Governor
Michelle Bullock addressed the parliament Economics Committee in Canberra today,
where she described the underlying inflation rate as having made
really good progress. Underlying inflation measures an average basket of

(00:35):
goods and removes price growth of volatile items like seasonal
fruit prices. This figure has dropped to two point seven percent,
closer to the midpoint of the RBA's two to three
percent target range. Bullock said underlying inflation is forecast to
settle around two point five percent, putting the economy in
a strong position. However, the RBA governor called for caution

(00:56):
with signs of quote tariff related inflation out of the US.
She told the committee everyone's comfortable that they've got inflation
back down, but we can't be complacent yet about where
inflation is at overseas.

Speaker 1 (01:10):
A review into Victoria's exams body has found a culture
of fear and a lack of leadership. The review into
the Victorian Curriculum and Assessment Authority was triggered by a
year twelve exam mix up. The body publishes sample questions
and study guides to help school leavers prepare for their
final exams. Last year, VCAA's sample papers for nearly half

(01:31):
the subjects included in year twelve exams were found to
have similar material to the actual tests. An independent review
has now handed down a final list of recommendations aimed
at improving VCAA's operations and governance. This includes a leadership
and culture reset starting with a quote progressive spill and
fill of senior roles, and structural changes to strengthen accountability.

(01:56):
The Victorian government has accepted all eleven recommendations, which Ducation
Minister Ben Carroll calls a quote roadmap full reform.

Speaker 2 (02:06):
Evacuation orders are in place for thousands of people in
the Philippines. A super typhoon Regassa is expected to cross
the nation's northern islands. The system is forecast to make
landfall tonight or tomorrow, bringing with it heavy rainfall. Two
hundred and thirty kilometer per hour wind gusts and swells
of up to three meters. Super typhoons are considered to

(02:27):
be equivalent to a category five, the most severe storm
category in opposed to ex Filipino President Bongbong Marcos said
authorities are closely monitoring the situation, with all government agencies
quote on alert to provide assistance wherever and whenever needed.
Schools and businesses are closed across the country, including in
the capital Manila, amid concerns of flooding and landslides. The

(02:51):
typhoon is also expected to bring flooding to parts of
Taiwan and southern China over the coming days.

Speaker 1 (02:59):
And today's good news, South Australia has become the third
state to announce the rollout of a needle free flu
vaccine for children. The interr nasal spray will be available
for free in Queensland, New South Wales and Essay ahead
of next year's flu season. The spray, called flu Mist,
will be free for children between two and five years old,
but it is expected to become available privately for other

(03:21):
age groups pending regulatory approval. The Royal Australian College of
GPS welcomed the quote life saving initiative and said needles
act as a major barrier to childhood vaccinations. The South
Australian government said flu Mist provides the same protection as
the currently available vaccine. Officials in all three states said
it's hoped the spray will boost vaccination rates.

Speaker 2 (03:44):
That's the latest from the Daily os newsroom. If you're
looking for something else to listen to, you can check
out today's dip dive, where we discuss the new findings
from a major longitudinal study and what they tell us
about young Australians.

Speaker 1 (03:56):
We will be back tomorrow morning with another deep dive,
but until then, have a rate evening.

Speaker 2 (04:03):
My name is Lily Maddon and I'm a proud Arunda
Bunjelung Calgatin woman from Gadighl Country. The Daily oz acknowledges
that this podcast is recorded on the lands of the
Gadighl people and pays respect to all Aboriginal and torrest
Rate island and nations. We pay our respects to the
first peoples of these countries, both past and present.