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The Independent UK
The Independent UK
National
Via AP news wire

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia Philip Lowe Jim Chalmers Inflation
Copyright 2022 The Associated Press. All rights reserved.

Australia’s central bank on Tuesday boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%.

The Reserve Bank of Australia’s decision was the cash rate’s fourth consecutive hike of half a percentage point.

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