Originally published by The Guardian View Original Article
Australia news live: Chalmers says ‘near universal expectation’ interest rates will rise worldwide; Mike Baird resigns as Cricket Australia chair

Australia news live: Chalmers says ‘near universal expectation’ interest rates will rise worldwide; Mike Baird resigns as Cricket Australia chair

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RBA expected to hike cash rate to 4.6%, its highest level since 2011

Australia’s key interest rate is expected to hit its highest level since 2011, drag down house prices and add more than $100 to typical monthly mortgage repayments.

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