RBA hikes interest rates to 4.6 per cent in 15-year high

🇦🇺 The Sydney Morning Herald (AU) —
RBA hikes interest rates to 4.6 per cent in 15-year high

AI Summary

The Reserve Bank of Australia raised its cash rate to 4.6%, the highest level in 15 years. The increase is expected to add about A$91 per month to repayments on a typical A$600,000 mortgage with 25 years remaining.

The board’s decision will add about $91 a month to repayments on a typical $600,000 mortgage with 25 years remaining.

Markets Real Estate Reserve Bank of Australia interest rates mortgages Australia monetary policy household repayments

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