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Australia hikes key interest rate to 3.6% to fight inflation

Por: ABC News World March 07, 2023

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CANBERRA, Australia -- Australia’s central bank increased its benchmark interest rate by another quarter-point to 3.6% Tuesday as it continues trying to tame inflation.It was the 10th rate rise in a row by the Reserve Bank of , bringing the rate to its highest point in 11 years. The increase will put more pressure on homeowners, with many already paying out hundreds of dollars each month more on their mortgages than they were a year ago.The... + full article



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