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AAP
AAP
Business
Poppy Johnston

RBA hikes rates in fight to tame inflation

RBA Reserve Bank Besa Deda Interest Rates RateCity
RBA governor Philip Lowe said inflation was still too high, as the central bank lifted rates again. (Lukas Coch/AAP PHOTOS) (AAP)

Mortgage holders will be feeling the squeeze this Christmas with the Reserve Bank delivering another 25 basis-point interest rate hike and alluding to further increases.

The final interest rate lift for 2022 takes the cash rate to 3.1 per cent, the highest level in a decade, and marks the eighth hike in a row.

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