03/11/2026
𝐂𝐚𝐬𝐡 𝐑𝐚𝐭𝐞 𝐑𝐢𝐬𝐞𝐬 𝐭𝐨 𝟒.𝟖𝟓%!
The Reserve Bank of Australia (RBA) has increased the official cash rate by 25 basis points to 4.85%, as inflation remains elevated and cost pressures continue across the economy.
With rising fuel prices, slowing economic growth and a weaker housing market, the RBA expects inflation to remain above target for longer than previously forecast.
What it means:
• Borrowers on variable rates may face higher home loan repayments
• Rising fuel and commodity prices continue to drive inflation
• Housing prices have fallen, while household spending is expected to slow
• Inflation is expected to remain above 3% over the coming year
• Future rate decisions will depend on inflation and economic conditions
With interest rates continuing to rise, reviewing your current home loan may help you understand your repayments and available options.
👉 Want to know how the latest rate increase could affect your mortgage?
Get in touch with our team to review your home loan options.
📲 0455 438 028
📩 [email protected]
🌐 www.ignitefinancialsolutions.com.au