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PoliticsNow: RBA governor Philip Lowe flags more rate rises amid 0.5pc hike, cash rate hits 1.85pc

Philip Lowe warns of 'further steps' as the central bank hikes rates to 1.85pc, adding $140 to the monthly interest bill on a $500k mortgage once it's passed on.

The RBA has raised rates by 0.5 per cent. Picture: NCA NewsWire / Dylan Coker
The RBA has raised rates by 0.5 per cent. Picture: NCA NewsWire / Dylan Coker

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Original URL: https://www.theaustralian.com.au/nation/politics/politicsnow-senator-jacinta-nampijinpa-price-slams-fellow-first-nations-senator-lidia-thorpes-coloniser-protest/live-coverage/07b0fdafb55a72d000ef34b1183b4e68