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Business

Poppy Johnston

Cup day rate hike extends finishing line for borrowers

Inflation Reserve Bank Interest Rates RBA

Mortgage holders have been hit with more interest rate pain with a 13th hike announced by the RBA. (Bianca De Marchi/AAP PHOTOS)

More financial pain has been unleashed on borrowers after another increase to the official cash rate though the Reserve Bank seems reluctant to move higher again.

The widely-anticipated lift in November took the official cash rate to 4.35 per cent.

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One subscription that gives you access to news from hundreds of sites

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