RBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011
Australia's central bank lifted its cash rate to 4.6%, the strongest level since 2011, marking the fourth hike this year. The move, broadly anticipated, aims to curb inflation but will increase borrowing costs for households with mortgages. Analysts note the decision reflects ongoing pressure on the economy and signals tighter monetary policy in the near term.