RBA expected to hike cash rate to 4.6%, its highest level since 2011

The Reserve Bank’s upcoming interest rate decisions could deliver another significant hike, sending Australian mortgage costs to their highest levels in over a decade. A potential increase to 4.6% would mark the fourth rise this year, forcing borrowers to pay over $100 more monthly on their home loans while pushing typical variable rates toward 6.5%. The move is expected to weigh heavily on household budgets and could further cool the housing market amid rising borrowing pressures. Economists warn the decision will have broad ripple effects across the economy.

Outcome of meetings of Reserve Bank on Monday and Tuesday will affect Australian mortgage rates, household budgets and house pricesGet our breaking news email, free app or daily news podcastAustralia’s key interest rate is expected to hit its highest level since 2011, drag down house prices and add more than $100 to typical monthly mortgage repayments.The Reserve Bank board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would be the fourth increase in 2026 and push typical home loan interest rates to 6.5%. Continue reading...