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The Independent UK
The Independent UK
National
Rod McGuirk

Australian central bank lifts cash rate to 9-year high 2.6%

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

Australia’s central bank on Tuesday boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%.

The Reserve Bank of Australia’s increase of a quarter percentage point to the cash rate was smaller than those at recent monthly meetings.

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