Banks Raise Interest Rates; Pro-Palestine Forum Held in Sydney
Major Australian banks increase borrowing rates by 0.25%, impacting mortgage holders and borrowers. Meanwhile, a pro-Palestine forum, initially barred from a council venue, takes place in Darlington park. Federal shadow treasurer Tim Wilson warns that potential cash handouts in the upcoming budget could exacerbate inflation.
Why it matters
Higher interest rates directly affect mortgage holders and borrowers, increasing their financial burden amid rising living costs.
Read the full story at The Guardian AU→