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

The Reserve Bank board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would push typical home loan interest rates to 6.5%./iStockphoto The Reserve Bank board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would push typical home loan interest rates to 6.5%./iStockphoto Interest rates RBA expected to hike cash rate to 4.6%, its highest level since 2011 Outcome of meetings of Reserve Bank on Monday and Tuesday will affect Australian mortgage rates, household budgets and house prices

Get our breaking news email , free app or daily news podcast

Prefer the Guardian on Google Australia’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.