NSW Premier Chris Minns warns that an upcoming RBA rate hike will cause permanent business closures, intensifying political pressure on the federal government to cut spending.
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Frustration grows over the economy with one Labor MP saying voter anger is already high ahead of Reserve Bank of Australia decisionGet our daily political email, free app or daily news podcastThe NSW premier, Chris Minns, has warned an expected interest rate increase will force job losses and cause businesses to close, insisting the federal government and states should rein in spending to take pressure off the economy.The intervention from the leader of the country’s biggest state will heap yet more pressure on the Albanese government ahead of the Reserve Bank of Australia’s cash rate decision on Tuesday. Continue reading...
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