RBA raises rates as inflation battle intensifies | Sunrise
The Reserve Bank of Australia has raised interest rates again to combat inflation, with Governor Michelle Bullock identifying high domestic demand and the Middle East conflict's economic impact as key drivers. The decision has sparked political debate between Housing Minister Clare O'Neill and National Senate Leader Bridget McKenzie over government spending and fiscal responsibility. The rate increase marks the 15th rise under the Albanese government, intensifying pressure on Australian households already struggling with higher living costs and petrol prices. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from Sunrise » https://sunrise.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with Sunrise online: Facebook » / sunrise Instagram » / sunriseon7 TikTok » / sunriseon7 X » https://x.com/sunriseon7 #SunriseOn7 #7NEWS
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