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

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Outcome of meetings of Reserve Bank on Monday and Tuesday will affect Australian mortgage rates, household budgets and house prices Get our breaking news email , free app or daily news podcast 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. The Reserve Bank board is poised to hike the cash rate…