Report: RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011

A report from The Guardian — World focuses on “Report: RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011” and sets out the main development contained in the supplied source material.

Widely expected decision is fourth increase to interest rate this year and is expected to be blow to mortgage holders across Australia Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank of Australia has lifted its key interest rate to 4.6%, its highest level since 2011, while warning of further hikes. The report also notes that The widely expected fourth increase to the cash rate this year is expected to add to repayment costs for millions of mortgage holders across the country. ahead of Tuesday’s meeting, it sat at 4.35%.

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