Day 23: What does the rate rise mean for the election? with Bernard Keane

It's official. After historical low interest rates, the RBA took the earlier-than-forecast move of increasing the cash rate by 25 basis point to 0.35 percent. It's the first interest rise in a decade and, importantly, the first one in an election campaign since 2007. Crikey's Bernard Keane explains the decision and dissects what it will mean for the contest between Scott Morrison and Anthony Albanese.Sign up to Crikey’s free newsletter: https://bit.ly/crikey-newsletterCrikey’s independent journalism is supported by readers — 98% of our revenue comes from our subscribers. We’re not accountable to billionaires; we’re accountable to you. Hosted on Acast. See acast.com/privacy for more information.