Banks raise interest rates after RBA lifts cash rate to highest since 2011

RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011

Widely expected decision is fourth increase to interest rate this year and will be blow to mortgage holders across Australia Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank has lifted its key interest rate to 4.6%, its highest level since 2011, from 4.35%. The widely expected fourth increase to the cash rate this year will add to repayment costs for millions of mortgage holders across the country. Continue readi

Sep 29, 2026

RBA expected to hike cash rate to 4.6%, its highest level since 2011

Outcome of meetings of Reserve Bank on Monday and Tuesday will affect Australian mortgage rates, household budgets and house prices Get our breaking news email , free app or daily news podcast Australia’s key interest rate is expected to hit its highest level since 2011, drag down house prices and add more than $100 to typical monthly mortgage repayments. The Reserve Bank board is poised to hike the cash rate from 4.35% to 4.6% on Tuesday, which would be the fourth increase in 2026 and push typi

Sep 27, 2026

Banks raise interest rates after RBA lifts cash rate to highest since 2011

Australia's big four banks announce interest rate rises after the Reserve Bank of Australia lifted the cash rate to its highest level in more than a decade.

Sep 30, 2026