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

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Guardian World

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…