Get all your news in one place.
100's of premium titles.
One app.
Start reading
The New Daily
The New Daily
Matthew Elmas

Mortgage bills to soar again as RBA unveils record-breaking sixth interest rate hike in a row

The RBA says there are more interest rate rises to follow Tuesday's historic move.

The Reserve Bank of Australia approved a record breaking sixth interest rate rise in a row on Tuesday, lifting its target cash rate 0.25 percentage points in a bid to quell soaring inflation.

The move brings the official interest rate to 2.6 per cent – the highest level since 2013, and will add another $74 to typical mortgage bills.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.