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Murray Olds: Australian correspondent on Australian Reserve Bank pushing up OCR by further 0.25 percent

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Sinopsis

Massive pressure for Australian home buyers ahead of the Christmas season. Australia's Reserve Bank has hiked interest rates up again in their final decision for the year for the eighth consecutive month. It has lifted its cash rate by 25 basis points to a 10 year high of 3.1 percent. Australian correspondent Murray Olds says it puts the heat on people with big home loans. LISTEN ABOVE  See omnystudio.com/listener for privacy information.