Australia politics live: Bullock refuses to rule out further rate hikes as Chalmers says Liberal attacks over RBA decision reflect ‘a level of desperation’

Follow today’s news live RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holdersGet our breaking news email, free app or daily news podcastLiberal politicians have joked they need “divine intervention” at a church service before parliament resumes today.Federal parliamentarians are attending the ecumenical service, before sitting begins later. Media doorstopped most of the MPs on their way in, with reporters asking what they were praying for, whether they needed “forgiveness”, and whether they prayed for a Coalition reunion.We know that inflation’s higher than we would like. People are under more pressure than anybody wants. And that’s why the responsibility that we have … is to continue to manage the budget in a responsible way, continue to roll out this cost of living relief. Continue reading...