7NEWS Update - Wednesday May 4, 2022: Reserve Bank lifts cash rate; NSW teachers strike

Homeowners are bracing for mortgage repayments to soar after the Reserve Bank lifted the official cash rate for the first time in more than a decade; New South Wales teachers are walking off the job today, after an 11th-hour attempt by the State Government to stop strike action failed; and an Australian mother critically injured in Bali a month ago, is now out of intensive care. Presented by Jodie Spears. More news across the day on 7NEWS.com.au and 7Plus. Hosted on Acast. See acast.com/privacy for more information.