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AAP
AAP
Business
Jacob Shteyman

Borrowed time: rate hike unlikely to be one-and-done

Reserve Bank Belinda Allen Michelle Bullock RBA Tom Kennedy Tom Ryan Inflation
RBA governor Michele Bullock and her board have decided to lift the cash rate. (Aap/AAP PHOTOS)

Borrowers have borne the brunt of a resurgence in inflation, with the Reserve Bank lifting interest rates and leaving the door open for more.

The RBA's monetary policy board lifted the cash rate by 25 basis points to 3.85 per cent in a unanimous decision on Tuesday.

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