RBA tipped to hike rates to 18-year-high; Craig Silvey jailed for seven months | 7NEWS

The eyes of anxious mortgage holders will be on the RBA today, with markets putting the chances of a Melbourne Cup day rise at 80 per cent. Economists project the cash rate will rise by 0.25 per cent to an 18-year high of 4.85 per cent. Australian children's author, Craig Silvey, has been sentenced to seven months in jail for possessing and distributing child exploitation material. The WA District Court heard confronting details of Silvey's offending for the first time, including how he shared graphic images in an online chatroom on an adult website. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook »   / 7newsaustralia   TikTok »   / 7newsaustralia   Instagram »   / 7newsaustralia   X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS