Wednesday 5 November 2025

The Reserve Bank leaves interest rates on hold, with little clear direction about whether there’ll be any more rate cuts.

• The corporate regulator, ASIC, criticises private credit players in a benchmark review of financial markets.
• The federal government will force electricity suppliers to provide three free hours of energy to households each day.
• Microsoft’s mega-deal with a largely unknown Tasmanian data centre operator.
• The Maldives becomes the first country in the world to outlaw cigarette smoking.

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Yesterday the RBA left interest rates on hold, with many economists still tipping another cut next year.

But as Warren Hogan - Managing Director of EQ Economics, and Economic Advisor at Judo Bank - explains to Sean Aylmer, there has been a major shift in Australia's demographics that mean our economic models are no longer accurate. As a result, the next move in rates might be up, not down.

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This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. RBA holds steady
2. Market dips 0.9pc

3. Cup day in Australia

4. Netflix hit with $100 million Aussie content quota
5. Amazon’s $US38 billion OpenAI deal

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