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Households to feel the pain after RBA hikes interest rate again
A pedestrian walks past the Reserve Bank of Australia (RBA) head office in Sydney. Source: AAP
Many homeowners are facing a significant increase in mortgage rates after the Reserve Bank of Australia (RBA) lifted the cash rate by 50 basis points. It's the biggest rate rise in more than two decades and coincides with sharply rising gas and electricity prices, leaving many struggling.
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