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RBA lifts rates to 4.1%, Treasurer acknowledges strain on mortgage holders
Treasurer Jim Chalmers and Governor of the Reserve Bank of Australia, Michele Bullock (AAP). Source: AAP / Susie Dodds/AAPIMAGE
The Reserve Bank of Australia has raised interest rates for a second consecutive month, citing persistent inflation and global economic uncertainty. The move comes as Middle East tensions push fuel prices higher, adding further pressure on households and mortgage holders.
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