RBA blamed for Splendour cancellation

The Reserve Bank of Australia and the federal government are being blamed for the cancellation of Splendour in the Grass. Bluesfest Chairman Peter Noble says the central bank is fueling the cost of living crisis which is hurting music festivals. Reportedly, 25 events have been cancelled since 2022. However, this recent cancellation is the biggest so far. There are growing fears over what the future of festivals in Australia will look like.