ıNarasikita29 September 2026 · 54 mnt laluWhy the Australian dream is costing more - The Business
The Reserve Bank has lifted interest rates to highest level in 15 years. The RBA governor Michele Bullock said there is too much demand in the economy, especially from the AI boom, and firms are passing on higher prices because of the Iran war. The central bank has increased rates by 0.25 percentage points, which lifts the cash rate target to 4.6 per cent, up from 4.35 per cent. It will be a blow to homeowners with large mortgages. It is also the highest cash rate millions of households have faced since taking on a home loan after 2011. Since then, mortgage debt has risen 138 per cent to $2.
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