Australia news live: attorneys general to meet to discuss antisemitism and online hate; cheaper mortgages push up cash rate, RBA says. Michelle Rowland’s office says rising antisemitism needs ‘coordinated and sustained response’. Follow updates live Get our breaking news email , free app or daily news podcast The Reserve Bank will be forced to keep the cash rate higher than it would have before the pandemic because the banks have cut costs to offer cheaper mortgages, according to new RBA research . Intense competition between banks has produced a cheap loan market, which banks have funded in part by skimping on customers’ savings accounts interest rates, the research suggests. Continue reading…
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