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AAP
AAP
Politics
Poppy Johnston and Andrew Brown

More pain for borrowers as big banks pass on rate hike

Finder Interest Rates
NAB has increased interest rates for mortgage holders following a move by the RBA. (Joel Carrett/AAP PHOTOS)

Borrowers have been stung with another interest rate hike but there is hope mortgage holders could be spared further tightening.

The 25 basis point increase to the official cash rate to 4.35 per cent was the 13th in the Reserve Bank's fight against inflation and had been widely expected by economists amid persistent price pressures.

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