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The New Daily
The New Daily
Business
Matthew Elmas

How high will interest rates go? RBA flags more mortgage pain in 2023

RBA raises cash rate for ninth month on end 10 News First – Disclaimer

Australians are being warned to expect more interest rate hikes after the Reserve Bank began 2023 with a fresh mortgage squeeze.

The RBA raised its target cash rate to a decade-high 3.35 per cent on Tuesday, in the fastest and biggest series of rate increases in Australian history since rates began rising in May.

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