The Reserve Bank of Australia has announced another 25 basis point interest rate hike, bringing the figure to 4.1 per cent.

This is the twelfth increase in thirteen months and is just a week after the minimum wage increased.

Press PLAY below to hear Neil Breen’s analysis of the rate hike decision

Plus, senior economist at AMP Capital, Diana Mousina, joined Neil Breen on Brisbane Live to explain what it means for Australians.

Press PLAY below to hear it

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