How the cash rate increase impacts you | Atlassian founder buys AGL chunk | Woolies sales up 10%, thanks inflation

The Reserve Bank of Australia has increased the official cash rate by 0.25% to 0.35%.

The co-founder of Atlassian, Mike Cannon-Brookes, ain’t finished with AGL. In fact, he’s just bought an 11.3% stake in the company with the plan to vote against its upcoming demerger.

Woolworths has recorded an almost 10% jump in sales, and in a big move, the Woolies boss has called for an increase in retail workers’ wages to keep up with rising inflation rates.

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