Mmastodon BusinessEconomy first seen 22 h ago, last 22 h ago, peak #5
RBA hikes cash rate to 4.6%, highest since 2011
Original: RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011 https://www.theguardian.com/busin
The Reserve Bank of Australia has raised the cash rate to 4.6%, its highest level since 2011. The decision means further pressure on Australian mortgage holders and borrowers, and signals the bank is still fighting persistent inflation. Commenters are debating how much more pain households can absorb and what this means for the economy heading into 2027.
Why now: The rate rise directly affects mortgages and living costs for many Australians, prompting wide reaction.
Reserve Bank of AustraliaAustralia
Evidence
- RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011 https://www.theguardian.com/business/2026/sep/29/rba-interest-rate-announcement-decision-cash-rate # Economy # InterestRates # Australia · guardian_world@robot.villas · 3
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