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ABC Business Daily

Slaying inflation and a Sandilands settlement

6/17/202624 min

The RBA’s decision to leave rates on hold might have triggered a collective sigh of relief from Australia’s mortgage holders, but there was a clear warning from RBA governor Michelle Bullock that the board stands ready to hike further if necessary.

And after months of negotiation, ARN Media has reached a settlement with its former radio star Kyle Sandilands.

While Sandilands gets a multimillion-dollar golden parachute. Could the deal mean he’s soon a competitor with the company that helped make him a very wealthy man?

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.

Clips

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The Jawbone Weapon
Japan’s ‘Huge’ 1 Percent

Transcript preview

First 90 seconds

  1. Carrington Clarke· Host0:00

    [upbeat music] ABC Listen. Podcasts, Radio, News, Music, and More. [somber music] When you want to be stopped in your tracks- I'm running to shoot it.

  2. Ian Verrender· Guest0:13

    It's 50/50. You can catch his gun, or he shoot you [upbeat music] When you wanna know the truth- She was brainwashing her from, from the start We're here to investigate.

  3. Carrington Clarke· Host0:26

    Something's gone wrong, big time Search Background Briefing Podcast on ABC Listen or wherever you get your podcasts. The RBA's decision to leave rates on hold might have triggered a collective sigh of relief from Australia's mortgage holders, but there was a clear warning from the governor that the board stands ready to hike further if necessary. And after months of negotiation, media giant ARN, well, not such a giant anymore, has reached a settlement with its former radio star Kyle Sandilands. Kyle gets a pretty nice multi-million dollar golden parachute, but could the deal mean he's soon a competitor with the company that helped make him a very wealthy man? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.

  4. Ian Verrender· Guest1:19

    And I'm the ABC's chief business correspondent, Ian Verder.

  5. Carrington Clarke· Host1:22

    Ian, yesterday when I was talking to Michael, we were sitting here in the room in the ABC office in Ultimo. You were on your way down to

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