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ABC News
ABC News
Business
business reporter David Chau, wires

ASX notches up two-day winning streak after RBA's double interest rate hike

The ASX 200 has dropped by 11pc since the beginning of this year. (Reuters: David Gray)

The Australian share market has risen for a second straight day as the Reserve Bank lifted interest rates for a third consecutive month, as widely expected.

The RBA's new cash rate target is 1.35 per cent, after today's 0.5 percentage point increase.

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