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More repayment pain as RBA raises rates again
More repayment pain as RBA raises rates again Credit: Xinhua News Agency via Getty Images
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The Reserve Bank has again raised interest rates blaming high inflation which it says is eroding savings and hurting family budgets. It has raised the cash rate by a quarter of a per cent to 4.1 per cent. That's the 12th rise in just over a year and the highest rate in 11 years. That story by Naveen Razik for SBS News, produced by Praba Maheswaran for SBS Tamil.
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