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Australia hikes interest rates for first time since 2010

Australia hikes interest rates for first time since 2010

by Contributed | May 3, 2022 | Blog

By Andrew BEATTY Australia’s central bank raised interest rates for the first time in more than a decade on Tuesday, a pre-election hike designed to tame soaring consumer prices. The Reserve Bank of Australia raised the main lending rate by 25 basis points to...

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