RBA expected to hike cash rate to 4.6%, its highest level since 2011
The Reserve Bank of Australia is expected to raise the cash rate to 4.6%, marking the highest level since 2011. This move is anticipated to increase mortgage repayments and further dampen the housing market.
Why it matters
Rising interest rates significantly impact household budgets and economic stability for Australian homeowners and prospective buyers.
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
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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.
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