AGP Executive Report
Last update: 4 hours agoRBA Holds Rates at 4.35%: The Reserve Bank left the cash rate unchanged for the first time in 2026 after three straight hikes, citing softer growth, a weaker jobs picture and still-high inflation, with markets now watching for whether it’s a pause or the start of another move. Cost-of-Living Relief Watch: Prime Minister Anthony Albanese is weighing extending the $2.5bn fuel excise cut as voters push back on the budget, but economists warn extra stimulus could complicate inflation control. Retail Shock: Lincraft will progressively close all 60+ physical stores across Australia and New Zealand, affecting hundreds of jobs, while keeping the online business running. Energy Storage Push: Western Power is rolling out 18 community batteries (6.6MW) in Perth and Bunbury to soak up rooftop solar and discharge during evening peaks. Housing Tax Anxiety: Financial advisers warn Labor’s planned negative gearing changes could trip up some divorced or inherited investment property arrangements. SpaceX Bet: Gina Rinehart’s Hancock Prospecting has taken a reported $1bn+ stake in SpaceX’s IPO, with potential links to critical minerals. Conservation Win: Kangaroo Island declares feral pigs eradicated after a multi-year program, while a new NT Indigenous Protected Area locks in 1.6m hectares of protection.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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