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SHOCKING: Melbourne cup day | Mind Blowing Facts

Unbridled inflation an each-way bet on Cup Day rate cut

Melbourne Cup day may not prove a winner for borrowers if inflation remains sticky in data released the week before, splitting predictions on interest rates.

AAP

Blow for borrowers as Reserve Bank curbs rate-cut hopes

Crucial economic data in coming weeks could determine when mortgage holders can expect more interest rate relief, the Reserve Bank board says.

AAP

Brimson set to escape sanction for betting post

Gold Coast star AJ Brimson has been told he won't face any sanction over his Melbourne Cup day post, with the NRL confident he didnt bet on league games.

AAP

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Melbourne Cup day offers a fitting alternative date for Australia Day

I know what you're thinking, but hear me out.

Newcastle Herald

Damien Oliver denied fairytale Melbourne Cup send-off

Retiring great Damien Oliver missed out on the Melbourne Cup but claimed a consolation prize when he steered Wiggum to victory in the Schweppervescence Plate.

AAP

Almost half of Australian mortgage holders under financial stress as RBA tipped to raise rates again

Record level of stressed households as all but four of 39 economists in survey tip Melbourne Cup Day hike

The Guardian - AU

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

AAP

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Victorian government scrambling to prepare for long-planned end of public drunkenness laws

Sobering-up facility not completed, emergency workers unclear about their role in new scheme – and it begins on Melbourne Cup Day

The Guardian - AU

Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it

Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more…

The Conversation

Auction jump ahead of expected Cup day rate hike

An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.

AAP

A Melbourne Cup Day rate rise would not be tough on inflation, it would just be cruel

Australians are already getting hit by higher costs for necessities, reducing their ability to save and spend money on non-essential goods and services

The Guardian - AU

Grim end to year predicted for Labor with high chance of at least two more interest rate rises

Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting

The Guardian - AU

Victoria's public drunkenness laws to be lifted on Melbourne Cup day

Victoria's Police Association says the state's decriminalisation of public drunkenness, which comes into effect on Melbourne Cup Day, will leave officers powerless to act in some situations.

ABC News

ACT government distances itself from plan to demolish Thoroughbred Park, Canberra's only horse-racing venue

Under a plan released on Melbourne Cup Day, housing would be built on Canberra's only racecourse, which currently operates on prime inner-suburban land.

ABC News

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ABC News

Hail storm destroys apple and pear crops in Victoria's Goulburn Valley

Many growers are in 'survival mode' after a hail storm hit apple and pear crops in a major Victorian growing region on Melbourne Cup day.

Newcastle Herald

Melbourne Cup Day proves thirsty work as publicans prepare around the clock

It's the race that stops the nation, but for Newcastle publicans - Melbourne Cup Day is thirsty work.

Pedestrian.tv

Young Ppl Who Used To Watch The Melbourne Cup Told Us The *Many* Reasons Why They Switched Off

"The race that stops a nation" isn't stopping much as more Australians switch off and let Melbourne Cup Day pass by without a second thought.

ABC News

Former Soviet leader Mikhail Gorbachev loved a good hat – so Australia's main man in Moscow got him an Akubra

In 2017, the centenary of the November Bolshevik revolution landed on Melbourne Cup Day. The Soviet Union's last leader, Mikhail Gorbachev, celebrated at Australia's embassy in Moscow, James Glenday writes.

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