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Reserve Bank hikes rates to 12 year high

Published 7 November 2023, 8:46 am
The Reserve Bank has signalled that it is serious about taming inflation lifting interest rates by an additional 25 basis points and ratcheting the cash rate up to 4.35 per cent, its highest level since late 2011. The increase follows a temporary reprieve for borrowers, but today's lift threatens to push many to the brink.
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