Australian home borrowers have now copped the harshest rate increases in almost three decades with the Reserve Bank raising the cash rate by another half a percentage point.
The latest 0.5 percentage point rise on Tuesday takes the cash rate a three-year high of 1.35 per cent from 0.85 per cent.
This rise, on top of the May and June increases, means home borrowers have now copped 1.25 percentage points worth of rate increases over three consecutive months – the steepest increase in such a…
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