Picture: SuppliedAustralian households are bracing for a huge surge in interest rates, with experts calling for as many as four hikes throughout 2026. With both headline and underlying inflation accelerating over the past six months, experts say rates need to rise as soon as February. Michele Bullock will announce a difficult decision on interest rates. Picture supplied“The logical implication of all this is interest rates are not at the right level,” he previously told Sky News. Cash strapped mortgage holders brace for the worstMillions of cash-strapped mortgage holders are “at risk” should the Reserve Bank of Australia lift interest rates in February.