Guardian Australia

The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6% at its upcoming board meeting, which would take borrowing costs to their highest level since 2011. The Guardian reports markets and economists are bracing for the hike, with homeowners facing further pressure on mortgage repayments as the bank continues its fight against persistent inflation.

Larissa Waters has resigned as leader of the Australian Greens, citing health reasons. The announcement, reported by Guardian Australia, ends her stint leading the party and is expected to trigger a leadership contest. Waters, a long-serving senator for Queensland, has been one of the Greens' most prominent federal figures, and colleagues are likely to pay tribute while discussion turns to who will succeed her.

Larissa Waters has stepped down as leader of the Australian Greens because of ill health, according to The Guardian. Her resignation creates a leadership vacancy at the head of the party just as it navigates federal politics, and colleagues and supporters are likely to debate who should succeed her and what the change means for the Greens' direction.