Australia's banks lift mortgage rates in wake of RBA's fifth cash rate hike this year

ABC News Australia · Clint Jasper · 2026-11-04 05:03 UTC

Australia's banks reveal they will raise their interest rates in response to the RBA's decision to lift the cash rate for the fifth time in 2026.

In short:

Australia's big four banks have all lifted their interest rates on mortgages and savings accounts.

They are responding to the RBA's decision to hike the cash rate to 4.85 per cent.