All eyes are watching for the Reserve Bank of Australia today, which will set the new interest rate. If the rate goes up for the first time in more than a decade, it will spell a second blow for the Prime Minister's campaign strategy, defined by claims of the Coalition being the better economic managers for Australians. The first blow was an inflation rate that confirmed what Australians were already seeing: just how much the cost of living has gone up. Scott Morrison says "it's not about politics". He's concerned about what people pay on their mortgages. But the one message he wants everyone to know, it won't be his government's fault if Australians do pay more on their loans. READ MORE: The live blog appears below this line and above the image, but sometimes takes a moment to appear.