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The New Daily
The New Daily
Business
Matthew Elmas

‘Serious financial stress’: Typical mortgage bills tipped to jump $792 by year’s end

10 News First – Disclaimer

Home owners are being warned to brace for their third interest rate hike in as many months on Tuesday as the Reserve Bank tries to clamp down on rapidly rising prices.

Economists expect the central bank to raise the official cash rate target by half a percentage point to 1.35 per cent – the highest it has been since May 2019.

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