Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year
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Anthony Albanese defended his government’s record in the face of a likely rate hike.
The prime minister is in Saint John’s, Antigua and Barbuda, for the Commonwealth heads of government meeting at the request of King Charles.
We work each and every day on cost of living.
What I recognise as well is that by engaging in the world, we can deal with our national security interests, but also make our economy stronger. That’s why we need to engage in the world.
We are currently working our way through the spending pressures, the economic forecasts, and the savings options to come up with the best, most responsible budget update that we can.
There have been savings in all eight of our budget updates so far. There’ll be savings in the ninth as well.
The post RBA interest rates live: Reserve Bank of Australia meeting today before cash rate decision and announcement – latest news appeared first on World news | The Guardian.
