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RBA increased cash rate to 4.35 per cent

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Sky News Australia
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Published on 07 Nov 2023 / In Entertainment

The Reserve Bank increased the cash rate on Tuesday to 4.35 per cent. This is its 13th rate increase since May last year. It means higher repayments on loans for millions of Australians with a mortgage. The cash rate is now at its highest level since November 2011. The Reserve Bank will release its quarterly economic forecasts on Friday.

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