"RBA INTEREST RATES DECISION: RESERVE BANK INCREASES CASH RATE TO 3.85% IN BLOW TO MORTGAGE HOLDERS"
#JonathanBarrett / #PatrickCommins for @australia.theguardian.com
Full Story: t.ly/xQHBf

#ReserveBank has hiked rates for the first time.

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"AI DOOM, NATURE LAWS AND SOLVING THE HOUSING PROBLEM _ FIVE TAKEAWAYS FROM DAY TWO OF ECONOMIC REFORM ROUNDTABLE"
LEAD STORY CORRESPONDENT:
#PatrickCommins / @tommcilroy.bsky.social for @australia.theguardian.com

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It’s the third rate cut of the year, a welcome relief to mortgage holders.
The Reserve Bank has cut the #cashRate by a quarter of a percentage point to 3.6%, from 3.85%.
Unanimous decision by the #RBA monetary policy board.
#PatrickCommins