The Reserve Bank has increased the official cash rate by 0.25% at its May meeting.
EY Oceania Chief Economist Cherelle Murphy tells Sean Aylmer why the RBA had no option but to increase rates, and what it means for businesses and homeowners.

Afternoon Report | ASX hits six-week low
04:22

Super, property fight heats up; Aust loses cruise ships; Pentagon hunts leaks
15:23

Q+A: Coal’s not going anywhere. So what do we do about it?
11:49