Widely expected decision is fourth increase to interest rate this year and will be blow to mortgage holders across Australia
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The Reserve Bank has lifted its key interest rate to 4.6%, its highest level since 2011, from 4.35%.
The widely expected fourth increase to the cash rate this year will add to repayment costs for millions of mortgage holders across the country.
Continue reading...Originally reported by The Guardian. Read the full story at the original source.
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