3.9k Share this

The Reserve Bank is due to meet at 2.30pm today when the nation’s top economists could decide to increase interest rates for the first time in more than a decade.

If they do, it will signal the end of “cheap money” for Australians and remind voters that the cost of living is increasing right in the middle of a Federal Election campaign being fought on that exact issue.

Financial markets and most economists predict the cash rate will be lifted by .15 percentage points to 0.25 per cent.

The potential price hike comes during an election campaign where both leaders are tackling cost of living pressures.

Finance Minister Simon Birmingham told Today that international factors, such as the Ukraine war, were putting pressure prices.

“The international factors that Australia is facing at present are very real. We’re not immune from them but we are doing better than most countries.”

Source: 9News

3.9k Share this
You May Also Like

Meghan’s father Thomas Markle has suffered a major stroke, reveals DAN WOOTTON 

EXCLUSIVE: Meghan’s father Thomas Markle has suffered a major stroke and is…

Warriors Coach Steve Kerr Protested to Remove Armed Security from Schools

On Tuesday, Golden State Warriors coach Steve Kerr delivered an emotional attack…

Manageress made up harassment claims to ‘deflect’ complaint for breaking Covid rules, tribunal hears

Natasha Woolley made unproven claims of sexual harassment against a colleague in…

Both sides of US politics point to Australia on gun reform

After the Port Arthur massacre in 1996, Australia banned all semi-automatic weapons…

Heartbreaking class picture emerges of Texas elementary school group

A class photo of the fourth grade at Robb Elementary School has…

Colorado Conservatives: State Giving Illegal Aliens Health Care Makes Citizens ‘Second Tier’

Three Colorado conservatives balked at the state’s waiver request to provide health…

Holy Grail’ of Ford Capris: RS3100 may sell for record £60k

A one-of-a-kind Ford Capri dubbed the ‘Holy Grail’ with just one careful…

Husband of teacher killed in Uvalde massacre ‘dies of grief’

The husband of one of the teachers killed in the Texas school…