Afternoon Update: RBA hikes interest rates; Craig Silvey pleads guilty; and the best outfits from the Met Gala (opens in new tab)

Want to get this in your inbox every weekday? Sign up for the Afternoon Update here, and start your day with our Morning Mail newsletterGood afternoon – it’s been a busy day so far. As predicted, the Reserve Bank has delivered a third straight interest rate hike as it seeks to head off the inflationary threat from higher fuel prices linked to the ongoing US-Israel war on Iran.The decision to lift the cash rate to 4.35% from 4.1% comes as the central bank revealed a gloomy new set of forecasts...