Morning, everyone. The harsh reality of this week’s latest interest rate rise is that thousands of Australians are facing ever-higher monthly repayments. And many who managed to secure fixed-rate terms are about to roll over to much higher variable deals. We speak to a family peering anxiously over the “mortgage cliff” and we report on the rising the risk of a recession. We also have an exclusive on an explosive letter sent by Paul Keating to the cabinet, the latest on Canadian wildfires blanketing across North America in smoke, plus Australia have made hay in the London sunshine on day one of the World Test cricket final.
