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Australia lifts cash rate to 3.35% with 9th rate hike

Por: ABC News Business February 07, 2023

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CANBERRA, Australia -- Australia's central bank on Tuesday lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter.The Reserve Bank of ’s decision to increase its cash rate by 0.25 of a basis point was widely anticipated after the annual inflation rate for the December quarter was the highest since 1990.“High inflation makes life difficult for people and... + full article



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