RBA interest rates live: Reserve Bank of Australia meeting today before cash rate decision and announcement – latest news

What the source reports
Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year Use our loan calculator to check how a rate rise may affect you Get our breaking news email , free app or daily news podcast How would your mortgage change?
For someone with an average-sized new mortgage of $731,000, paying a typical rate of 6. 2%, a 0. 25 percentage point rate increase would add about $119 to their $4,596 monthly repayments. I know they’ve got a just difficult decision to make. I accept that, but we’ve got to be careful…
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