Frustration grows over the economy with one Labor MP saying voter anger is already high ahead of Reserve Bank of Australia decision Get our daily political email , free app or daily news podcast The NSW premier, Chris Minns, has warned an expected interest rate increase will force job losses and cause businesses to close, insisting the federal government and states should rein in spending to take pressure off the economy. The intervention from the leader of the country’s biggest state will heap yet more pressure on the Albanese government ahead of the Reserve Bank of Australia’s cash rate decision on Tuesday. Sign up for Guardian Australia’s Politics, really newsletter here Continue reading...
Minns warns expected RBA rate rise will see ‘shops close that don’t reopen’ as pressure mounts on PM

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Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices Get our breaking news email , free app or daily news podcast Australia’s economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures. The RBA is widely expected to hit mortgage holders with a fifth rate hike on Tuesday, in a move that will push the cash rate to its highest since 2008 amid rising worries the economy could even be tipped into recession. Continue reading...