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وكالة الأنباء القطرية
RBA hikes rates to 15-year high
The Reserve Bank of Australia raised interest rates by 0.25 percentage points to 4.6%, the highest level in 15 years, in an effort to combat inflation. This decision will lead to higher mortgage repayments, especially for households that took out loans after 2011, putting pressure on their budgets. At the same time, savers with high-interest accounts will benefit from increased returns if banks raise interest rates on their accounts.
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