A rate 'bump in the road' for Labor
Description
In a widely expected decision, RBA Governor Michele Bullock has confirmed interest rates will be held at 3.6 per cent. So, is this just a "bump in the road" for the Albanese Government, or a sign of further economic turbulence ahead?
It comes as first homebuyers struggle to enter the market, with new data from Cotality showing house prices rose at their fastest rate in two years in October, following the expansion of Labor's 5 per cent deposit scheme.
Meanwhile, it's been another wobbly start to the week for Opposition leader Sussan Ley — so is she safe for the summer, while other Coalition leadership hopefuls take a break?
Patricia Karvelas and Tom Crowley break it all down on Politics Now.Fill out our survey here: https://forms.office.com/r/rGwzw6Xu32
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