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As of Nov 7, 9:37 PM ET ·
RBA News2 articles
Australia's Cash Rate Hits 4.6%, Mortgages Feel the Pinch
The Reserve Bank of Australia lifted its cash rate to 4.60%, the highest since 2011, adding A$91 monthly to a typical A$600,000 mortgage as inflation persists.
Economy
Australia Faces A$6B Extra Interest Costs as Yields Stay High
RBC Capital Markets estimates Australia's federal debt-interest costs could rise by A$6 billion over four years, as bond yields remain near 5.3%, adding pressure on the budget and financial markets.
Economy