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RBA not concerned about stagflation or wage-price spiral

RBA not concerned about stagflation or wage-price spiral Thu 4 Jun 2026 at 5:49pm In short: RBA governor Michele Bullock says the war in the Middle East is creating a "highly uncertain" environment that could see inflation rising even higher than anticipated. But she is not concerned about stagflation occurring in Australia, nor a wage-price spiral. The RBA Board's next two-day monetary policy meeting will be held on June 15 and 16.

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Bullock says RBA will re-tender KPMG whistleblower hotline contract amid scandals

KPMG audits the RBA and runs its whistleblower hotline but maybe not for much longer Fri 5 Jun 2026 at 5:00am In short: The Reserve Bank will re-tender its whistleblower hotline service contract after KPMG has been caught up in a swirl of scandals. Governor Michele Bullock says KPMG, engaged by the Australian National Audit Office, audits the bank's financial statements. The Greens have called on the federal government to ban KPMG from all government contracting work.

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ASIC names two KPMG partners it is formally investigating over audit scandal

ASIC names two KPMG partners it is formally investigating over audit scandal Fri 5 Jun 2026 at 5:15pm In short: ASIC has named KPMG's former chief operating officer Eileen Hoggett and audit partner Paul Rogers as two of the individuals it is investigating over the audit scandal. ASIC told a Senate estimates committee today it was formally investigating KPMG and that it still had eight current contracts with the firm. Current and former KPMG partners will appear before a parliamentary inquiry...

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