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Mortgage holders aren’t alone in paying for rate hikes. Here’s how the RBA spreads the pain

By John Hawkins, Senior lecturer, Canberra School of Government, University of Canberra

A fifth interest rate hike by the Reserve Bank of Australia next week is now seen as likely by financial markets.

Whether the rate rise happens then, or at a future meeting, most of the media focus will be on the higher cost of mortgages.

But that’s just one of the ways higher rates dampen demand across the economy and help…

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