Australia news live: Penny Wong heads to China; search for four teens missing off Mornington Peninsula

A search will resume today for paddle boarders who vanished off the coast at Rosebud, Victoria. Follow the day’s news live

A search is under way for four teenagers missing in waters off Victoria’s Mornington Peninsula.

It’s believed an 18-year-old woman, two 18-year-old men and a 19-year-old woman were using inflatable paddle boards off Rosebud Beach yesterday.

Ultimately, the message was clear, the RBA expects to “increase interest rates further over the period ahead”, but the path to get there may not necessarily be a straight one.