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    VIDEO: Will the RBA raise interest rates today?

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      Australians are set for more pain today with the RBA widely expected to hike rates by another 50 basis points.

      The rate rise would be the sixth month in a row that the central bank has raised interest rates.

      If the RBA hikes by 50 basis points, it will be the fastest tightening cycle in more than two decades.

      Any rate hike will likely put more pressure on homeowners struggling with higher living costs.

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