Australian mortgage holders face higher interest rates for decades amid stubborn inflation battle

Key points

• An economist has warned that mortgage holders could face higher interest rates for decades as the Reserve Bank fights stubborn inflation. Warren Hogan of EQ Economics said the bank had lost patience and could raise rates again in November.
• The Reserve Bank has lifted the cash rate four times this year, to 4.60 per cent. Headline inflation rose to 4.0 per cent, above the bank's 2 to 3 per cent target.
• Commonwealth Bank's chief economist, Luke Yeaman, said further rate rises risked tipping the economy over the edge.