03/10/2026
RBA lifts cash rate to 15-year high of 4.6%
- Hope Coumbe, Finance Editor
The Reserve Bank has raised the cash rate for the fourth time this year, squeezing borrowing capacities to the lowest levels seen since the recovery from the Global Financial Crisis.
The cash rate is now 4.6% and the highest seen in 15 years in Australia, a mammoth milestone amid a challenging 12 months for households plagued by high inflation.