RBA's fourth rate rise this year pushes cash rate to 4.6%
The Reserve Bank raised the cash rate to 4.6%, the fourth increase in 2026, as inflation stays stuck at 3.6% above target.
The Reserve Bank lifted the key interest rate to 4.6%, its highest level since 2011. The fourth rise this year will push up monthly mortgage repayments for millions of Australians.
Data released Wednesday is expected to show inflation at 3.6% annually, well ahead of the RBA's target range of 2% to 3%. RBA governor Michele Bullock warned that workers and businesses may start demanding higher wages and prices if they believe inflation will stay high.
Markets are predicting at least one more rate rise by February next year.
- 4.6%
- New cash rate
- 2011
- Highest level since
- 3.6% annually
- Underlying inflation
- 2% to 3%
- RBA target range
Why it mattersAnyone with a mortgage will pay more each month; ongoing rate rises could drag out the pain for years.
AustraliaAustralian homeowners and renters face higher housing costs immediately; small businesses on variable-rate debt will see expenses climb.
Corroborated by7news.com.au
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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