EconomyRBA raises rates for fifth time this year, adding pressure on mortgage holders
The Reserve Bank of Australia lifted its cash rate from 4.6% to 4.85%, its highest level since 2008, seeking to curb surging inflation. The move adds pressure on more than 3.3 million households with home loans; monthly interest on a $700,000 mortgage is expected to rise by $107.
TThe Guardian★★★☆☆2026-11-03 03:30Original
RBA raises rates for fifth time this year, adding pressure on mortgage holders
Economy