Widely expected decision is fourth increase to interest rate this year and will be blow to mortgage holders across Australia
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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 widely expected fourth increase to the cash rate this year will add to repayment costs for millions of mortgage holders across the country. Before Tuesday’s meeting, it sat at 4.35%.
The post RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011 appeared first on World news | The Guardian.
