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

Australia's Reserve Bank board is expected to raise the cash rate from 4.35% to 4.6% on Tuesday, the fourth increase in 2026 and the highest since 2011, lifting typical home loan rates to 6.5%. On a $731,000 mortgage at 6.2%, monthly repayments would rise about $119 to $4,477, with total increases s