Australia news live: voters pointing rates blame at government, PNG police hunt for kidnapped professor

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Guardian Essential poll shows growing concern about weakening economy; PNG commissioner says kidnappers holding academic are ‘opportunists’. Follow live

Good morning and welcome to our rolling coverage of the day’s news. I’m Martin Farrer, bringing you the best of the breaking stories this morning before my colleague Natasha May takes the controls.

A majority of voters believe the Reserve Bank of Australia has overreacted in jacking up interest rates to tame inflation, and more than 70% say the Albanese government has to to share some or a lot of the blame, according to the latest Guardian Essential poll. But it’s not all bad news for the prime minister, with Labor thought more likely to bring down the cost of living, improve public services and manage climate change. There will be more detail on how the RBA arrived at its latest decision when the minutes of its last meeting are published today.

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