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AAP
AAP
Business
Poppy Johnston

RBA fires off another rate hike to tackle inflation

Australia's central bank has bumped up interest rates by another 25 basis points, taking the official cash rate to 3.6 per cent.

The 0.25 percentage point hike is the 10th in a row and brings interest rates to their highest point in 11 years.

The increase will pile more pressure on mortgage holders who are already feeling the heat from increasing costs.

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