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RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders
Finance

RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders

The Reserve Bank has hiked rates for the fifth time this year, from 4.6% to 4.85%, in an attempt to regain control of surging inflation amid an ongoing global oil shock triggered by the war in the Middle East.

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