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MYSTERIOUS: 71 - You Need To See This

Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010

Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election

The Guardian - AU

RBA lifts cash rate, warns of more to come

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

AAP

Possible Australian rate hike puts cost of living in focus in election campaign

Australia's ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison's re-election efforts.

Reuters

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ANZ and CBA to raise after central bank decision – as it happened

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The Guardian - AU

ASX loses ground as RBA makes first interest rate rise in 11 years to curb inflation; Aussie dollar surges

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

ABC News

Morning mail: voters unmoved by election promises, RBA to decide on rate rise, female facial hair

Tuesday: Labor leads in polls but both parties struggle to engage voters. Plus: what happens when female facial hair is made visible?

The Guardian - AU

The Loop: Civilian evacuation from Mariupol 'very fragile', RBA's cash rate decision looming, Met Gala red carpet rolled out

Keeping you in The Loop with a quick wrap-up of today's headlines.

ABC News

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Rate hikes needed to curb inflation: RBA

Reserve Bank governor Philip Lowe has warned that without increases in interest rates, inflation will be a lot higher than present.

AAP

Interest rate rise: who makes the high-stakes decision and how does it get made?

The RBA is considering raising the official cash rate for the first time since 2010 and the outcome will have big ramifications for the federal election

The Guardian - AU

The Loop: Scott Morrison says cash rate change 'not about me', Qantas goes long haul, PM weighs in on 'raw' chicken, and taming electricity 'vampires'

Here's your quick wrap up of today's news.

ABC News

Will the RBA lift the cash rate this week to counter inflation – or wait until after the election?

Analysis: The Reserve Bank of Australia finds itself in a strategic and political bind. Credibility is at stake

The Guardian - AU

Job advertising shows small fall in April

Job advertising eased by 0.5 per cent in April, but was still 26.3 per cent higher than a year earlier and pointing to strong employment gains ahead.

AAP

Labor Says It’ll Cop 40% Of First Home Costs So You Can Have A Backyard For Ur 23938 Doggos

Please, anything to get us out of this boomer-dominated hellscape.

Pedestrian.tv

'You may not like me, but you know me': PM

Scott Morrison tells party faithful they at least know his government's plan for Australia's future even if they don't like him or all that he's done.

AAP

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The Conversation

Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

The Guardian - AU

Interest rates are set to start rising. What does that mean for mortgage holders and homebuyers?

The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans?

ABC News

The Loop: An underworld murder, Targa crash victim named, and why the RBA will raise interest rates

Here's your TL;DR for today's news.

ABC News

The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

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The Guardian - AU

The Australian inflation rate gives the lie to Morrison’s claims of strong economic management

Workers’ ability to buy things with their wages is little different from when Tony Abbott took office in September 2013

AAP

Business pressured by rising costs: ABS

A new survey by the Australian Bureau of Statistics found well over half of businesses are under pressure from rising costs.

The Guardian - AU

Mortgage holders in outer suburbs could face ‘huge cliff’ as inflation and rates rise, experts say

Inflation jumped in March, sparking expectations of a cash rate rise before the election, and concerns for mortgage holders

The Conversation

Inflation hits an extraordinary 5.1%. How long until mortgage rates climb?

Australian consumer prices jumped an extraordinary 2.1% in the first three months of the year, the biggest quarterly jump since the introduction of the 10% goods and services tax at the start of the century.

Al Jazeera

Australia’s prices surge at fastest pace in two decades

Soaring prices come as Prime Minister Scott Morrison fights a tough election campaign.

The Guardian - AU

Australia faces prospect of pre-election rate rise as inflation and consumer prices soar

Annual CPI rate rise to 5.1% was higher than expectations and reflects higher fuel and food costs, sparking fears of an interest rate rise

AAP

Inflation jump largest since GST launched

The Australian Bureau of Statistics says the consumer price index rose 2.1 per cent in the March quarter, taking the annual rate to 5.1 per cent.

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