Another interest rate hike looms as PM faces trust crisis
Australian families face a potential fifth interest rate hike for 2026 on Melbourne Cup Day, which would bring the cash rate to an 18-year high and add approximately $600 per month to average mortgage repayments. The Victorian state election shows the Coalition leading Labor 56-44 on a two-party preferred basis, with factors including state debt, corruption allegations and leadership changes working against the incumbent government. Prime Minister Anthony Albanese faces scrutiny over a $6 million grant to a golf club in his electorate, raising questions about trust and government…
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