Borrowers set for another big rate rise

By Colin Brinsden, Aap Economics and Business Correspondent
Updated July 3 2022 - 1:11pm, first published 1:04pm
RBA governor Philip Lowe and the board will consider interest rate rises of up to 50 basis points.
RBA governor Philip Lowe and the board will consider interest rate rises of up to 50 basis points.

There appears little doubt that the Reserve Bank of Australia will lift the cash rate again when its board meets on Tuesday, the third monthly hike in a row.

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