Opinion

Two Pratts and a rate rise: Inside the Birdcage at the Melbourne Cup

The billionaire sisters added some heft to this year’s event while outside it, interest rate pain was sweeping the nation.

Myriam Robin and Mark Di Stefano

Nov 7, 2023 – 6.50pm

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It’s not the call that stops the nation. At least, not in the Birdcage.

As the RBA’s new head boffin Michele Bullock announced her first interest rise – taking rates to their highest level in 12 years – the hubbub at Flemington’s most salubrious enclosures didn’t miss a beat.

Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media.

Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent.