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ABC News
ABC News
Business
business reporters Michael Janda and Rhiana Whitson

Reserve Bank raises interest rates for eighth straight month

The Reserve Bank of Australia (RBA) lifts interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent.

It was the bank's eighth straight rate rise since it started lifting the cash rate from a record low of 0.1 per cent in early May.

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