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  • 8 minutes ago
Let's get more on our top story - the reserve bank lifting interest rates for the fifth time this year to 4.85 per cent the highest level in 18 years. The increase is expected to rein in spending with many Australians already feeling the pinch.

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00:02Don't they have any other tools that they can use?
00:05I feel like they've played this piece.
00:08It's the highest interest rate in 18 years
00:10and people are doing it tough.
00:13This time it's so tight.
00:16We can't really afford everything.
00:19I just think it's crazy that it's going up so much.
00:24Everything is more expensive.
00:26Your parents are complaining about groceries being a lot more expensive.
00:28I think there's other strategies they could have used
00:31to get the outcome they needed.
00:34I definitely don't think a rate increase is going to fix inflation.

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