Millions of Australians set to pay more for mortgages due to reserve bank rise

Millions of Australians will start paying more for their mortgages within days after the reserve bank lifted interest rates for the first time in 11 years. The timing of the announcement in the middle of the federal election campaign has ignited debate about the cost of living crisis facing many across the country and which of the major parties is best placed to help Australians weather the storm.