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Live federal election updates: labor talks on housing, cost of living before RBA decision | District News

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All eyes today are watching the Reserve Bank of Australia, which will set a new interest rate. If the rate rises for the first time in more than a decade, it will be the second blow to the Prime Minister’s campaign strategy set by the coalition’s claims that it is the best economic leader for Australians. The first blow was the inflation rate, which confirmed what Australians have already seen: how much the cost of living has risen. Scott Morrison says “it’s not about politics.” He is concerned that people are paying on mortgages. But the only message he wants everyone to know is that his government will not be to blame if Australians pay more on their loans. READ MORE: A live blog appears below this line and above the image, but sometimes it takes a while to appear.

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