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Newcastle Herald
Newcastle Herald
National

Blunt instrument of interest rates targets inflation but hits borrowers and jobs

Interest Rates Inflation Paul Keating RBA Reserve Bank of Australia

THE Reserve Bank of Australia has lifted interest rates for the seventh consecutive month, a 0.25 percentage point rise taking the cash rate to 2.85 per cent.

It was a smaller increase than some were expecting, but there is ample evidence to suggest that monetary policy will continue to tighten.

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