RBA increases interest rates by 50 basis points to 1.85 per cent; Al-Qaeda leader Ayman al-Zawahiri killed in US drone strike; Western Australia reels beneath savage storm; Latest COVID-19 cases and deaths; Clive Palmer and Mark McGowan both to pay damages in defamation case

Thanks for following along with the 9News breaking news live blog today. We’re going to wrap things up here.

Here’s what the biggest stories of the day have been:

The Reserve Bank of Australia hiked interest rates for the fourth consecutive month, lifting the nation’s cash rate target by 50 basis points to 1.85 per cent.

US President Joe Biden announced the death of Al-Qaeda leader Ayman Al-Zawahiri, one of the men behind the September 11 terror attacks, in a drone strike in Afghanistan.

Both Clive Palmer and Mark McGowan were found to have defamed each other, with the WA premier ordered to pay $5000 in damages and the businessman ordered to pay $20,000. However, Justice Michael Lee criticizing both men for essentially wasting the court’s time.

Victorian Opposition Leader Matthew Guy will be referred to authorities after his chief of staff resigned following a report he asked a party donor to make a $100,000 payment to his personal company.

Former Sydney swimming coach Dick Caine, 76, now faces 20 historical sexual abuse charges after having 11 more added.

And a negative Indian Ocean Dipole weather system is underway, which means Australia looks set for a wetter-than-average spring.

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