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ABC News
ABC News
Business
business reporter Michael Janda

FOUND: Official interest rates rise above 4 per cent as rba hikes again - What They Never Told You

Falls in property prices have generally stopped across the country, led by a rebound in Sydney. (ABC News: John Gunn)

The Reserve Bank has lifted its official interest rate to 4.1 per cent, a level not seen since early 2012.

The bank's board decided to lift the cash rate target by 0.25 of a percentage point for the second month in a row, amid concerns inflation is taking too long to come down.

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