RBA hikes interest rates to an 18-year high, warning inflation will hurt for another year Beloud

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RBA hikes interest rates to an 18-year high, warning inflation will hurt for another year

RBA hikes interest rates to an 18-year high, warning inflation will hurt for another year

The Reserve Bank of Australia raised its cash rate from 4.6% to 4.85%, the highest level since late 2008 and the fifth increase this year. The board voted 6–3 to lift rates. Governor Michele...

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