Live federal election updates: PM ‘sympathizes’ with families, but can’t apologize for interest rate hike | West Central Daily

news, national, election, canberra, scott morrison, anthony albanese, federal politics, politics

All eyes are on the Reserve Bank of Australia today, which will set the new interest rate. If the rate rises for the first time in more than a decade, it will deal a second blow to the Prime Minister’s campaign strategy, defined by claims that the Coalition is the best economic manager for Australians. The first hit was an inflation rate that confirmed what Australians were already seeing: how much the cost of living had risen. Scott Morrison says “it’s not about politics”. He worries about what people are paying on their mortgages. But the one message he wants everyone to know is that it won’t be his government’s fault if Australians pay more on their loans. READ MORE: The live blog appears below this line and above the image, but sometimes takes a moment to appear.

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