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Australian cash rate rises for 7th straight month to 2.85%

Por: ABC News World November 01, 2022

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CANBERRA, Australia -- Australia’s central bank boosted its benchmark interest rate on Tuesday for a seventh consecutive month to a nine-year high of 2.85%.The Reserve Bank of ’s decided on a second consecutive quarter-percentage-point rise in the cash rate at its latest monthly board meeting following four consecutive half-percentage-point hikes.When the bank lifted the rate by a quarter percentage point in May, it was Australia's... + full article



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