More pain for businesses after latest RBA rate hike

2 hours ago The Front Page News

Millions of Australians paying off home loans are facing increased cost of living pressures after the Reserve Bank lifted the cash rate for the third time this year.

The central bank says rising inflation is behind the decision to push it up by 0.25 of a percentage point to 4.35 per cent.

Some businesses facing increased costs have already had to make a tough call to close.

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