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ABC News
ABC News
Business
business reporters Michael Janda and Emilia Terzon

Reserve Bank set for another double-sized interest rate rise as borrowers brace for pain

The average mortgage borrower is facing a cumulative $760 a month hit to their family budget if the Reserve Bank hikes interest rates as expected today.

Most economists and financial traders are tipping the bank to deliver another half-a-percentage-point rate rise at 2:30pm AEDT.

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