Australia news live updates: banks predict inflation could reach 6% this week; monkeypox declared a global health emergency

Economists from two of the big four banks are predicting the highest annual inflation rate since 1990s as the cost of living continues to rise

The employment and workplace relations minister, Tony Burke, will be appearing on ABC Insiders this morning – and it is anticipated he will have news.

We will bring you the latest as it happens.

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