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ABC News
ABC News
Business

How much did interest rates go up by? What is the RBA's new cash rate? How could it all impact you?

Interest rates were dropped to record lows during the pandemic. Now they're going back up again.  (ABC News: Jessica Hinchliffe)

The Reserve Bank of Australia has raised interest rates by 0.5 percentage points, making the new cash rate 1.35 per cent. 

That's the third rate rise in three months.

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