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Politics

Poppy Johnston

Will they, won't they? All eyes on RBA Cup Day meeting

RBA Inflation Michele Bullock

Mortgage holders could take another hit if the central bank raises rates this week, as expected. (Dan Himbrechts/AAP PHOTOS)

Borrowers could be whacked with another round of interest rate pain following the central bank's Melbourne Cup Day monetary policy meeting.

The Reserve Bank of Australia gathering on Tuesday follows the recent release of a firmer set of inflation data, which fanned the case for a 13th interest rate hike since May 2022.

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