Rate rise looms as politicians clash over economy | Sunrise

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The Reserve Bank of Australia is expected to deliver its fourth interest rate hike for 2026, potentially pushing the cash rate to its highest level in 15 years. Social Services Minister Tanya Plibersek defends the government's economic management, citing Australia's AAA credit rating, budget surpluses and practical cost-of-living measures like bulk-billing clinics and cheaper medicines. One Nation MP Barnaby Joyce criticises government spending on renewable energy and the public service, arguing Australia has the highest inflation rate among developed countries and proposing a return to coal-fired power generation. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from Sunrise » https://sunrise.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with Sunrise online: Facebook » https://www.facebook.com/Sunrise Instagram » https://www.instagram.com/sunriseon7/ TikTok

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