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AAP
AAP
Business
Zac de Silva and Andrew Brown

'Rise on the horizon': inflation fuels rate hike fears

The Reserve Bank will be mulling the latest inflation data before its next interest rate decision. (Susie Dodds/AAP PHOTOS)

Mortgage holders might be spared an interest rate rise at the next Reserve Bank meeting, but fresh inflation figures have placed further pressure on the board for future hikes.

Underlying inflation ticked up for January to 3.4 per cent, up from 3.3 per cent in December.

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