Why today's interest rate hike is different and will hit almost everyone - Yahoo Finance Australia
Australian homeowners face a significant interest rate hike that is expected to increase monthly mortgage repayments for the first time in the current cycle. Reserve Bank Governor Michele Bullock is set to address the media regarding the decision.
Why it matters
Directly impacts the cost of living and financial stability for millions of Australian mortgage holders, signaling a shift in monetary policy.
Why today's interest rate hike is different and will hit almost everyone The fourth interest rate hike of the year – expected to be announced this afternoon – will land differently to the last three. Reserve Bank Governor Michele Bullock will front the media this afternoon after the decision. · DAVID GRAY via Getty Images Nick Whigham · Head of Yahoo Finance Australia Mon 28 September 2026 at 5:58 pm GMT-4 3 min read WBC.AX +0.33% NAB.AX +0.27% Homeowners with a mortgage are braced for the fourth interest rate hike of the year this afternoon. If it comes to pass, it will put borrowers in a place millions of them have never been.
The three rate hikes already this year reversed cuts handed down by the RBA in 2025. Another one will take rates to their highest level in 15 years .
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