The lift in the cash rate is set to dominate the federal election today, as rising mortgage rates put pressure on the Coalition to defend its economic credentials.
Prime Minister Scott Morrison and Treasurer Josh Frydenberg have hit the airwaves to defend their record, while Labor paints the Reserve Bank's decision as a sign of the Coalition's failure on cost of living and the economy.
We'll deliver breaking news to keep you up-to-date on the latest campaign twists and turns, live as they happen. Stay tuned in here for all the developments as Australians turn out to decide who will lead the Parliament and the nation for the next three years.
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