The Reserve Bank of Australia has increased the interest rate to 1.35 per cent rate, adding further stress to the rising cost of living with high petrol prices, energy and grocery bills. The current flood disaster in New South Wales is set to add to the challenges. In New South Wales, there are over 100 evacuation orders in place across the state as flash flooding submerges thousands of homes, keeping rescue crews working into the night. Subscribe and 🔔: | Get more breaking news at 9News.com.au:
0:00 – RBA increases interest rate to 1.35%
2:20 – Cost of living pressures worsening
3:26 – Prime Minister returns to Australia
4:15 – Latest on NSW floods
7:10 – Cargo ship rescue
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