RBA Interest Rate Hikes

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 27 Sep

   Another standard 25-basis-point rate hike tomorrow would take the RBA's cash rate target from 4.35 per cent to 4.6 per cent, the highest level since the start of November 2011.

   4 outlets · ABC News (Australia)
2. 28 Sep

   If banks pass on the increase in full, Canstar estimates monthly mortgage repayments will rise by about $91 on a $600,000 mortgage, $114 on a $750,000 loan and $152 on a $1 million loan.

   2 outlets · Daily Mail
3. 29 Sep

   Australia’s central bank has raised interest rates to a 15-year high, spelling higher mortgage payments for millions of Australian households.

   4 outlets · Al Jazeera

Coverage 18 articles

• 30 Sep Banks raise interest rates after RBA lifts cash rate to highest since 2011Australia's major banks are raising their variable home loan interest rates by 0.25% following the Reserve Bank of Australia's decision to lift the cash rate to 4.6%, the highest since November 2011. The increase, announced by Commonwealth Bank, NAB, Westpac, ANZ, and Macquarie Bank, takes effect from October 9 or later, adding financial pressure for many mortgage holders amid persistent inflation and global…ABC News (AU)
• 30 Sep Big banks expected to follow Macquarie and sting home owners with rate riseAustralia's major banks are anticipated to raise home loan interest rates following Macquarie Bank's lead, reflecting the Reserve Bank of Australia’s recent quarter-point increase. This move would add approximately $122 to monthly repayments for a typical $800,000 mortgage. Despite concerns over borrower stress, data shows low overdue repayment rates and record-high offset account balances, suggesting some financial…Sydney Morning Herald
• 29 Sep Live: Taylor blames 'home-grown inflation' for 15-year-high rate hikeAngus Taylor, the opposition leader, accused the government of causing "home-grown inflation" on Tuesday after the Reserve Bank of Australia raised interest rates by 25 basis points to a 15-year high of 4.6%. In response, Housing Minister Clare O'Neil defended Australia's economic position, stating that despite higher interest rates compared to countries like Canada, Australia’s economy is in better shape overall.ABC News (AU)
• 29 Sep Australia news LIVE: Bullock blames domestic spending for rate hike, inflation as government insists global factors to blame; No explosives found inside vans searched in UK terror probeReserve Bank Governor Michele Bullock raised Australia's interest rates to a 15-year high of 4.6%, citing domestic spending pressures and global factors like the Iran war as reasons for the hike, despite economic challenges such as rising unemployment and falling house prices. Treasurer Jim Chalmers acknowledged the government’s role in managing inflation but emphasized that ongoing rate hikes are largely due to…Sydney Morning Herald
• 29 Sep Danger zone: why war in the Middle East has landed the RBA’s inflation fight in tricky territoryReserve Bank of Australia (RBA) Governor Michele Bullock addressed journalists about the bank's strategy to control inflation amid rising fuel and fertiliser prices due to prolonged conflicts in the Middle East. The RBA has raised interest rates four times this year but remains concerned that these gradual measures might not be sufficient as businesses may continue to increase prices, complicating efforts to return…The Guardian
• 29 Sep To avoid another rate rise, things might have to get worseReserve Bank of Australia officials recently announced a fourth interest rate hike in eight months due to high inflation, despite weak economic conditions like high unemployment and falling house prices. Reserve Bank Governor Michele Bullock acknowledged that the conflict in the Middle East has significantly raised energy costs and contributed to inflationary pressures. She also warned that if public expectations of…Sydney Morning Herald
• 29 Sep Australia raises interest rates to 15-year highAustralia’s central bank increased interest rates to 4.6%, a 15-year high, citing elevated inflation and higher energy costs due to geopolitical tensions. This move will affect millions of households facing rising mortgage payments; nearly one-third are already experiencing “mortgage stress.” Treasurer Jim Chalmers acknowledged the hardship but emphasized the government’s commitment to managing the budget…Al Jazeera
• 29 Sep Reserve Bank hikes interest rates to 15-year high amid warning country is barrelling towards 'human disaster' and mass layoffsThe Reserve Bank raised interest rates by 25 basis points to 4.6%, the highest level since 2011, impacting millions of mortgage holders in Australia with increased monthly payments. The decision adds about $91 for a $600,000 mortgage and could rise further if more hikes follow before Christmas. Critics warn that this will lead to job losses; Australian Council of Social Service chief Cassandra Goldie predicts an…Daily Mail
• 29 Sep RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011The Reserve Bank of Australia raised its cash rate to 4.6%, the highest level since 2011, from 4.35%. This move is likely to increase mortgage repayment costs for many Australians as underlying inflation stands at an annual pace of 3.6% for the third consecutive month, surpassing the RBA’s target range of 2% to 3%. Treasurer Jim Chalmers attributed high inflation primarily to global oil prices and tensions in the…The Guardian
• 29 Sep RBA hikes interest rates to 4.6 per cent in 15-year highThe Reserve Bank of Australia (RBA) raised its benchmark cash rate by 0.25 percentage points to 4.6%, a 15-year high despite rising unemployment and slowing economic growth. This increase adds over $90 monthly to repayments on a typical $600,000 mortgage with 25 years left. The RBA’s decision reflects efforts to combat inflation driven by elevated fuel prices and global supply disruptions from the Middle East…Sydney Morning Herald

Keep exploring

Similar coverageInflation Rise And Rate Hike Fears Similar coverageInflation Fears RisingRates Similar coverageBank Of England Interest Rate Decision Similar coverageFed Interest Rate Hike Similar coverageIMF Warning Australia On Spending Similar coverageJapan Raises Interest Rates Similar coverageUS Mortgage Rates Rise Similar coverageAustralian Consumer Confidence Plunges RecentHayden Panettiere’s Death Ruled Accidental RecentSpanish Train Crash Kills At Least 68