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ABC News

Business

business reporters David Chau, Emilia Terzon, wires

Australian shares drop as the Reserve Bank hikes rates again

Euro Europe OPEC United States Liz Truss Russia Oil RBA

The Australian share market has turned as investors mull the Reserve Bank's latest rate hike.

The ASX 200 started off optimistically on Tuesday but was trading flat by 1:30pm AEST.

The RBA's afternoon rate hike pushed it over the edge. The latest raise of 0.5 of a percentage point continues the central bank's aggressive policy to try and tackle soaring inflation in Australia.

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Top stories on inkl right now

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With Sayin expected to miss several weeks due to a right shoulder injury, who will the Buckeyes turn to under center?

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The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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