Cash rate up to 15-year high; Liverpool shooting; Warehouse fire
The Reserve Bank has increased the cash rate by 25 basis points to 4.6%, the highest level in 15 years, adding $113 per month to average mortgage repayments with Governor Michelle Bullock cites high domestic inflation pressures and the Middle East conflict as key factors driving the decision. A 32-year-old man has been shot in the leg during a broad daylight shooting on Charles Street in Liverpool, prompting police to close off the road and deploy tactical officers, while the victim was taken to hospital with non-life-threatening injuries and police continue to search for an unidentified…
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