✉news BusinessBanking first seen 7 h ago, last 5 h ago, peak #36
RBA expected to lift cash rate to 4.6%, highest since 2011
Original: RBA expected to hike cash rate to 4.6%, its highest level since 2011
The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6%, its highest level in more than a decade, when its board next meets. Such a move would mark another step in the bank's campaign against inflation and would push mortgage repayments higher for many Australian households. Commentators are weighing how much further the bank can tighten without tipping the economy into a downturn.
Why now: Markets and borrowers are focused on the RBA's next rate decision as it would take borrowing costs to their highest point since 2011.
Reserve Bank of AustraliaAustralia
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