A speech by the Reserve Bank governor will be scrutinised for any insights into plans for further interest rate hikes as borrowers feel the pain of 10 consecutive increases.
Despite the inflation crisis, the wealthiest Australians continue to get richer and experts are now calling on the government to scrap planned tax cuts.
The government is standing by its decision to not provide handouts for struggling families saying it will hurt them in the long run through rampant inflation.
Federal treasurer Jim Chalmers has laid the groundwork for future belt tightening in his first federal budget, while outlining cost of living help and extra spending on health and housing.
The head of the Reserve Bank of Australia has flagged more rate rises in coming months. However, RBA Governor Philip Lowe said the case for a slower pace of tightening was becoming stronger as the cash rate level rises.
Private school fees have spiked by more than 50 per cent over the last decade across Australia, with the heads of some institutions raking in salaries approaching $700,000.
