RBA interest rates live: Reserve Bank of Australia meeting today before cash rate decision and announcement – latest news

Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year Get our breaking news email, free app or daily news podcast Treasurer Jim Chalmers told ABC’s RN Australians are bracing for a “difficult decision” ahead of an expected rate hike. Another rise would likely increase the cash rate to 4.85%, taking it to the highest level in 18 years. People are under substantial pressure already, and obviously, if rates go up today, that will make things much