Rate hike next week; Middle East embassies shuttered; robotaxis sans steering wheels

Thursday 12 March 2026

A rate hike next week looks increasingly likely after the Reserve Bank Deputy Governor said failing to raise rates could be a problem for the economy. 

• Australia shuts down diplomatic missions in the Middle East as bombing in the region escalates
• Matt Canavan elected to lead the Nationals
• The federal government spends $200m to support a local data centre player 
• Amazon pushes robo-taxis without steering wheels, an accelerator or a brake

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