Natarsha Belling

There's a fire bombing every single night, especially in Melbourne and in really highly populated areas.

Are you surprised by the escalation of this violence?

We really appreciate your excellent analysis.

Thanks so much for joining us, Rowan.

That was Rowan Pike speaking there.

And thanks for listening to this episode of The Briefing.

I'm Natasha Belling.

See you next time.

A Listener Production.

Hi, Natasha Belling with you and welcome to the afternoon edition of The Briefing.

Coming up in our deep dive, the RBA has again increased the official cash rate this afternoon.

Not only is it a major blow for millions of homeowners, but the increase will also be another hit for millions of businesses already at breaking point.

We find out what's next for Aussie retail that's now facing tougher economic pressures than they did during COVID.

Those details in just a moment.

But first, let's check the afternoon headlines this Tuesday, the 5th of May.

As we mentioned, the RBA has again lifted the official cash rate, this time by 0.25% to 4.35%.

It's the third rate hike this year, with eight of the nine RBA members voting to increase the rate, flagging inflation was still well above its target range.

The RBA also says further rate hikes could be on the agenda, saying it will pay close attention to future economic data and international economic events.

Here is the RBA Governor, Michelle Bullock, a short time ago.

Australian author Craig Silvey has pleaded guilty to possessing and distributing child exploitation material.