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RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 03/11/2026, 04:20:24 UTC.

Briefings

The Reserve Bank of Australia raised the official cash rate to 4.85%, the highest level since 2008, to combat inflation driven by global oil shocks. This move targets mortgage holders, with inflation reaching 4.3% in the year to September. The decision follows recent statements from senior central bank officials.

Key points

• The Reserve Bank of Australia raised the official cash rate to 4.85%, the highest level since 2008, to combat inflation driven by global oil shocks.
• Inflation reached 4.3% in the year to September, prompting the RBA to target mortgage holders with this rate hike.

Context

The Reserve Bank of Australia increased the official cash rate to 4.85%, the highest level since 2008, to combat inflation driven by global oil shocks. This decision targets mortgage holders, with inflation reaching 4.3% in the year to September. The decision follows recent statements from senior central bank officials.

Limitations

Evidence covers the RBA's cash rate decision from November 2026 to November 2026. Specific details on the war's impact on oil prices or the exact timeline of senior officials' statements are not fully detailed in the source.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 03/11/2026, 04:31:11 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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