Forex
RBA Slams Brakes with Record-Breaking Interest Rate Hike
The Reserve Bank of Australia (RBA) has made its fourth interest rate hike in 2026, increasing rates to their highest level since 2011. The RBA lifted interest rates by 25 basis points, bringing them to a new high.
Mortgage holders are likely feeling the pinch as a result of this latest increase, which will see many paying more on their home loans.
The RBA has been steadily increasing interest rates over the past year in an effort to control inflation and stabilize the economy. This move is seen as part of that ongoing effort.