Mortgage holders will be bracing for impact at 2.30pm as the Reserve Bank announces its monthly decision on the official cash rate after its board meets this morning. Financial markets put the chance of another rise at about 10%, and some economists have warned that a further rise could tip the economy into recession. Last week’s better-than-anticipated annual inflation figure of 6% makes a rise less likely, but Governor Philip Lowe has previously warned that more rises will be necessary to reach the 2-3% target rate. While we’re on the economy, China has stopped just short of providing direct financial aid to citizens in a bid to boost their lagging economic recovery. The stimulus removes limits on car purchases, encourages Chinese consumers to buy electronics and home decor, and even makes it easier to hold food festivals.

Want to know more about China’s sluggish economic recovery? We made a Squiz Shortcut just for you…