Carrington Clarke

And after months of negotiation, media giant ARN, well, not such a giant anymore, has reached a settlement with its former radio star, Kyle Sandlins.

Kyle gets a pretty nice multi-million dollar golden parachute and

But could the deal mean he's soon a competitor with a company that helped make him a very wealthy man?

Welcome to ABC Business Daily.

I'm Carrington Clark.

Ian, yesterday when I was talking to Michael, we were sitting here in the room in the ABC office in Ultimo.

You were on your way down to the RBA, although you just got there in the nick of time, to hear straight from Michelle Bullock, the Governor, about why the Board had decided to keep

rates on hold.

I thought watching her press conference that it was pretty consistent with what the statement was, but she really was emphasising, including in an answer to you, that the fight against inflation remains the major battle that they think they need to fight and they're not as concerned

with that surprising increase in the unemployment rate that we recently saw.

Yeah, I always feel a bit sorry for Philip Lowe when it comes to how he's now remembered because, unfortunately, despite, you know, so much long distinguished service in the Reserve Bank, what people remember him for is that –

They feel he gave them a dud steer when it came to interest rates, that he indicated that he thought interest rates were going to be on hold.

They wouldn't be raised anytime soon.

Now, he actually put a lot of disclaimers around that statement, but it was more forthright than most comms advisors would have wanted him to be.

But unfortunately, that is the thing that he is now remembered for.

And I think the Reserve Bank has learnt a lesson from that.

And unfortunately, it means that they're sometimes less willing to engage in predictions about where things are heading.

So the language that Michelle Bullock used yesterday, when she was talking about how they are going to be guided by the data, I thought was interesting.

She said,

And you've referred to this, if you wait until you see it, it might be too late.