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Australia's Reserve Bank raises interest rates to 15-year high

Summarised from 3 outlets · 6 reports · Updated 29 Sept, 07:55 · Archive

Australia's Reserve Bank has raised its cash rate to 4.6%, the highest since 2011, amid persistent inflation.

The Reserve Bank of Australia has lifted its key interest rate to 4.6% in its fourth increase of 2026, pushing rates to their highest level since 2011. The decision will raise mortgage repayment costs for millions of homeowners. Experts warn that further rate hikes could devastate the property market without addressing underlying housing unaffordability.

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In this story: Reserve Bank of Australia · Jim Chalmers · Australia

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