News live: OECD says Australia will struggle to get inflation below 3%; Victoria to allow dogs in pubs under Labor election promise

The Organisation for Economic Co-operation and Development (OECD) has warned that Australia will face difficulties in lowering its inflation rate below 3%. This means that Australian consumers can expect to continue paying higher prices for goods and services. The OECD's forecast has significant implications for the country's economy, as high inflation can lead to reduced purchasing power and slower economic growth.

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The OECD warning on inflation suggests that Australia's economy may face challenges in the near term. This could lead to decreased investor confidence and higher borrowing costs.

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