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The Reserve Bank of Australia today announced that interest rates would rise for a a tenth consecutive time- increasing by 0.25% to 3.6%.

This represents the highest interest rates have been since 2012, where they hit 3.6% in May of that year.

RBA governor, Phillip Lowe, has signaled that at least one more rise might be on the cards, but analysts predict things will start to stabilise soon.

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