More repayment pain as RBA raises rates again

Interest rates up again

Interest rates up again: A general view of the Reserve Bank of Australia headquarters in Sydney Source: AAP / BIANCA DE MARCHI

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Following its June meeting on Tuesday, the Reserve Bank has announced the cash rate would rise by 0.25 percentage points, from 3.85 per cent to 4.10 per cent - and Reserve Bank Governor Dr Philip Lpwe says further tightening of monetary policy may be required to ensure that inflation returns to target.

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