Australia news live: banks pass on interest rate hike to customers; Sydney ‘globalise the intifada’ forum held in park

Big four banks lift interest rates Australia’s big four banks have all lifted interest rates after the Reserve Bank handed down a third consecutive rate hike yesterday. The RBA lifted the cash rate from 4.1% to 4.35% , in a widely expected decision on yesterday afternoon. Macquarie Bank was the first Australian bank to announce it would pass on the 0.25% interest rate rise to its variable home loan customers from 22 May. …