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The Guardian - AU
The Guardian - AU
National
Luca Ittimani

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

RBA United States Shane Oliver Australia Interest Rates Inflation Reserve Bank Westpac
Sydney housing from the air
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%. Photograph: mikulas1/Getty Images/iStockphoto

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.

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%.

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