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The New Daily
The New Daily
Business
Matthew Elmas

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA increases official cash rate to 3.1 per cent 10 News First – Disclaimer

Home owners are being told to brace for even higher mortgage bills in 2023 as the Reserve Bank’s inflation fight approaches a second year.

The RBA unveiled an eighth interest rate hike at its final meeting of 2022 on Tuesday, lifting its target by another 0.25 percentage points to a decade high of 3.1 per cent.

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