Today the independent Reserve Bank Monetary Policy Board increased the cash rate by 25 basis points.
This will be difficult news for millions of Australians with a mortgage and we understand the pressure that this will put on families and businesses.
While today's decision was widely expected, that doesn't make it any easier.
We know many Australians are doing it tough which is why we continue to roll out responsible cost of living relief, including a further tax cut later this year and another one next year.
At the same time we're doing what we can to strengthen the budget and address our longstanding productivity challenge.
View Original | AusPol.co Disclaimer