Bracing for impact: Rate tipped to hit 15-year high
MORTGAGE holders are set to shoulder hundreds of dollars more in monthly repayments compared to the start of the year, with interest rates expected to hit a 15-year high. The Reserve Bank is widely tipped to hike interest rates for a fourth time in 2026 when it wraps up its two-day board meeting on Tuesday. A 25-basis point increase in the cash rate would add $91 a month on a typical $600,000 mortgage, said Sally Tindall, data insights director at financial comparison site Canstar. “The true pain is in the cumulative impact,” she said. “Across what is likely to b