A win for Labor as the RBA cuts rates

What a difference a month makes.

Those with mortgages around the country got the change they were hoping for this afternoon, with the RBA board "unanimously" voting to cut the cash rate target by 25 basis points to 3.60 per cent. It’s an independent decision - but will Labor be counting it as a political win?

Meanwhile, reaction continues to roll in from across the globe and here at home after Australia’s historic move to recognise Palestinian statehood.

Patricia Karvelas and Brett Worthington break it all down on Politics Now.

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