The Reserve Bank raises interest rates for a tenth straight time

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“The people in the community who were actually donating to our charity are now asking for help”

For the tenth consecutive month, the Reserve Bank has raised interest rates – lifting them today to 3.6 per cent. The nation’s many millions of borrowers are reeling from the news. It’s also fuelling concern that a recession is looming, as community groups struggle to meet demand for emergency food and accommodation supplies.

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