Aus Interest Rates up

Reserve Bank lifts rates ahead of election
By Shane Wright and Rachel Clun

The Reserve Bank has lifted the official interest rate to 0.35 per cent, less than three weeks out from a federal election focused on the cost of living pressures being felt by households across the country.Following its May board meeting this afternoon, RBA governor Philip Lowe confirmed a 0.25 percentage point increase.

The Libs have lost control of the Economy .