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

The GuardianAustralia

Widely expected decision is fourth increase to interest rate this year and will be blow to mortgage holders across AustraliaFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has lifted its key interest rate to 4.6%, its highest level since 2011, from 4.35%.The widely expected fourth increase to the cash rate this year will add to repayment costs for millions of mortgage holders across the country. Continue reading...

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