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The New Daily
The New Daily
Business
Matthew Elmas

Interest rates rise to decade high as RBA delivers Christmas pain

RBA Interest Rates Inflation Philip Lowe
10 News First – Disclaimer

The Reserve Bank has raised interest rates for an eighth straight month, lifting its target by 0.25 percentage points as it battles sky high inflation.

The Christmas hike takes the overnight cash rate to 3.10 per cent, the highest level since 2012, adding another $75 to typical mortgage bills.

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