Live breaking news: Gold Trip wins 2022 Melbourne Cup race; Interest rates up again; Man injured after kangaroo attack; Search for two missing in NSW floods – 9News

Welcome to the live blog for Tuesday, November 1, 2022. The Reserve Bank of Australia has increased interest rates again. A vandal has broken into Flemington Racecourse and pumped an unknown substance onto the track hours before the The Melbourne Cup race. The search has resumed for two people missing in NSW floods. And a young boy has been injured in Sydney's north-west as dangerous winds lashed the city, with weather authorities warning there's more to come.
RBA hikes interest rates for seventh consecutive month
Vandal pumps substance onto Melbourne Cup track
Up to 80,000 racegoers expected to attend the coldest Melbourne Cup in decades
Snow coming to south-east as country's north battles heatwave
– LIVE RESULTS: Gold Trip wins 2022 Melbourne Cup; Results as it happened
That's where we'll leave our live breaking news blog for today, Tuesday, November 1.
Here are the day's top stories:
After a morning of dreary, wet weather the skies eventually cleared at Flemington Racecourse to see Gold Trip and jockey Mark Zahra win the 2022 Melbourne Cup.
The Reserve Bank of Australia hiked interest rates for a seventh consecutive month, warning that it now expects inflation to peak at a far higher-than-expected 8 per cent by the end of 2022. The central bank lifted rates by 25 basis points, or 0.25 per cent, taking the cash rate to 2.85 per cent.
Flooded Victorian businesses are set to receive an $877 million support package from the state government.
A man has been injured after being "ambushed" by a kangaroo in NSW.
The search has continued for two people feared swept away in NSW floodwaters.
Russia has suspended its "partial mobilisation" of citizens.
And a vet has shared a startling photo of the "biggest tick" they've ever seen, after it was found buried deep in the back of one unlucky dog.
Thanks for sticking with us, we'll be back again tomorrow to bring you all the latest news updates.
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A woman accused of murdering an elderly man with a frying pan in Sydney's eastern suburbs "called him a dog" and feuded with him over CDs and money.
Giving evidence at the murder trial of her former friend Narelle Fiona Smith, Julia Strafela said her South Coogee neighbour and sometimes lover Peter McCarthy had become irritated with the accused before his death in December 2020.
"Peter told me he loaned Narelle some CDs … and he was having trouble getting them back," Strafela said.
A publican has had the shock of his life after a dog knocked over his towering armful of glassware at a venue in the New South Wales northern rivers.
CCTV at the Rod n' Reel Hotel Motel in Woodburn showed the canine hurtling up to the man with excitement before knocking over multiple glasses in his hands, shattering all of them.
The dog did not stay to help with the clean up and the video showed it running back off into the distance.
A man was walking to his shed when a kangaroo sprung out, knocked him over and attacked him on the New South Wales Mid North Coast.
Emergency services were called to a home on Apanie Road, Lake Innes near Port Macquarie, around midday after a man in his 70s was attacked by the kangaroo.
NSW Ambulance said the man had been walking to his shed when the animal knocked him over and attacked him.
GOLD TRIP has won the 2022 Melbourne Cup!
The top weight of the race with 57.5 kg on his back for jockey Mark Zahra.
The Reserve Bank of Australia now expects inflation to peak at 8 per cent by the end of 2022.
Inflation is currently at 7.3 per cent.
In his monetary statement – where he also hiked interest rates for the seventh consecutive month – RBA Governor Philip Lowe said that inflation in Australia is "too high".
READ MORE: What is inflation? And how a record-high CPI might affect you
"A further increase in inflation is expected over the months ahead, with inflation now forecast to peak at around 8 per cent later this year," he wrote.
"Inflation is then expected to decline next year due to the ongoing resolution of global supply-side problems, recent declines in some commodity prices and slower growth in demand."
During last week's budget, treasurer Jim Chalmers forecast inflation was expected to peak "at 7 ¾ per cent later this year, before moderating over time, to 3 ½ per cent through 2023–24, and returning to the Reserve Bank's target range in 2024–25".
Inflation is expected to peak at 7 ¾ per cent later this year, before moderating over time, to 3 ½ per cent through 2023–24, and returning to the Reserve Bank's target range in 2024–25
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