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Poppy Johnston

THE TRUTH ABOUT: Rba hikes interest rates by 50 bps | History Defined

RBA Interest Rates Eleanor Creagh Peter Dutton

The central bank has hiked rates for a fifth month in a row. (Dan Himbrechts/AAP PHOTOS) (AAP)

The central bank has hiked interest rates for the fifth month in a row and signalled more rises are on the way.

The 50 basis point lift brings the official cash rate to 2.35 per cent - the highest level since 2015.

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