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RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders

Published November 2, 2026 10:30 pm • Updated November 2, 2026 10:30 pm •
RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders
Photo via The Guardian World

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008RBA interest rates live updates: Reserve Bank cash rate decisionGet our daily political email, free app or daily news podcastThe Reserve Bank has hiked rates for the fifth time this year, from 4.6% to 4.85%, in an attempt to regain control of surging inflation amid an ongoing global oil…

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008RBA interest rates live updates: Reserve Bank cash rate decisionGet our daily political email, free app or daily news podcastThe Reserve Bank has hiked rates for the fifth time this year, from 4.6% to 4.85%, in an attempt to regain control of surging inflation amid an ongoing global oil…

Source: The Guardian World — Original report ↗

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Original source: The Guardian World ↗