Headlines: RBA holds interest rates at 3.6%

Today's headlines include:

• The Reserve Bank of Australia (RBA) has voted unanimously to leave the cash rate unchanged at 3.60%.
• NSW Police have arrested 13 pro-Palestinian protesters at an expo in Sydney. 
• Jamie Melham has become the second female jockey in history to win the Melbourne Cup, riding Half Yours to victory at Flemington. 
• And today’s good news: The recipients of the 2025 Prime Minister’s Prizes for Science were announced during a ceremony at Parliament House last night. 

Hosts: Emma Gillespie and Lucy Tassell
Producer: Emma Gillespie

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Episode Transcript

Speaker 1 (00:05):
From the Daily Os. I'm Emma Gillespie, I'm Lucy Tassel.
It's Tuesday, the fourth of November. Here's what's making headlines
this evening.

Speaker 2 (00:14):
The Reserve Bank of Australia has voted unanimously to leave
the cash rate unchanged at three point six percent. The
cash rate is what the RBA charges banks for short
term loans. It affects how much interest customers pay on loans,
which is why the figure is also referred to as
interest rates. Today's decision is the third time in a
row that the RBA has held rates and follows Australian

(00:37):
Bureau of Statistic STATA for the September quarter showing the
highest inflation figures in more than a year. Unemployment has
also risen since the last RBA meeting in October. Given
both increases, the RBA said the board had decided quote
it was appropriate to remain cautious in its decision making.

Speaker 1 (00:57):
New South Wales police has arrested thirteen pro Palestinian protesters
at an expo in Sydney. The city is hosting the
Indo Pacific International Maritime Exhibition across the next three days,
with at least two Israeli defense contractors expected to attend.
Demonstrators for the Palestinian Action Group organized protests outside of

(01:17):
the expo after calling for the event to be canceled.
The City of Sydney Council also passed a motion condemning
the exhibition at a recent meeting. Protesters clashed with police
this morning after officials set a group of fifty to
one hundred people marched towards police and quote attempted to
access a restricted area. New South Wales Police Superintendent Paul

(01:38):
Dunstan confirmed two officers were injured. Police labeled the behavior
as quote out of character for the group. Two protesters
have been released without charge. The expo was continuing in
Darling Harbor until Thursday, where police say they will maintain
a strong presence.

Speaker 2 (01:58):
Jamie Mellum has become the second female jockey in history
to win the Melbourne Cup, writing half yours to victory
at Flemington. Melum's win comes on the tenth anniversary of
Michelle Payne's twenty fifteen victory with Prince of Penzance, when
she became the first woman to ever win the race.
Melam is now the first woman to have won both
the Melbourne Cup and the Core Field Cup. The twenty

(02:19):
nine year old told Channel nine quote, I've had an
amazing year, got married, had some really great days on
the track, but nothing ever, ever compares to this feeling
right now I'm feeling. Payne greeted Melam after the race
and said welcome to the club. Meanwhile, Green's Deputy leader,
Senator Marine Ferruci, has criticized the major party's on Cup day,
claiming quote both the Liberals and Labor receive political donations

(02:42):
from gambling companies who profit off Australia's losses. She's called
for the Melbourne Cup to be banned, saying it comes
quote at a deadly cost to both animals and communities.

Speaker 1 (02:55):
And today's good news. The recipients of the twenty twenty
five Prime Minister's for Science have been announced. After a
ceremony at Parliament House last night, Queensland University of Technology
Distinguished Professor Lydia Morowska was awarded the top honor for
her research into air quality, including the impacts of pollution
and airborne disease transmission. In twenty twenty, she led a

(03:18):
group of two hundred and forty scientists who proved that
COVID nineteen was mainly transmitted through the air. The finding
transformed infection control strategies. Morowska said the motivation behind her
work is to quote improve health, improve life and improve
well being of society. A new prize for Aboriginal and
Torres Strait Islander Knowledge Systems was also introduced this year.

(03:41):
It was awarded to Professor Michael Weir, who founded Title Moon,
Australia's first Indigenous owned and led sea cucumber fishery and
Marine Restoration Enterprise. Officials said Title Moon plays quote a
leading role in environmental observation and seagrass restoration.

Speaker 2 (03:58):
That's the latest from Zailio news room. If you're looking
for something else to listen to, you can check out
today's deep dive on the music label that Changed its
mind about AI.

Speaker 1 (04:07):
We'll be back tomorrow morning with another deep dive, but
until then, have a good night.

Speaker 2 (04:15):
My name is Lily Maddon and I'm a proud Arunda
Bungelung Calcoton 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 Torres
Strait Island and nations. We pay our respects to the
first peoples of these countries, both past and present.