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RBA Hikes Key Rate By 25 Bps; Rates To Rise Further

Por: RTTNews Business November 01, 2022

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Australia's central bank raised its benchmark interest rate on Tuesday, for a second consecutive meeting and repeated the guidance that rates will be lifted further based on incoming data. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.85 percent, the highest since 2013. In the October meeting, the bank had raised the rate by a... + full article



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