Interest rate hike will ‘sting’, Pressure on deputy Liberal Leader to resign | 9 News Australia

by News Update

Treasurer Jim Chalmers has admitted that the Reserve Bank of Australia’s latest interest rate hike to 1.85 per cent will “sting” for mortgage holders. In New South Wales, deputy Liberal Leader Stuart Ayres is facing pressure to step down over the John Barilaro trade job scandal. Subscribe and 🔔: | Get more breaking news at 9News.com.au:

0:00 – RBA raises interest rates up by 0.5%
3:48 – Treasurer says interest rate hike will “sting”
6:04 – Pressure mounting for Stuart Ayres to resign
6:41 – First in-airport hotel at Sydney International Airport
7:03 – US House Speaker Nancy Pelosi expected to visit Taiwan
7:47 – Weather update

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