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The New Daily
The New Daily
Matthew Elmas

‘Inflation has peaked’: RBA hikes interest rates again and signals more as economy slows

RBA Inflation Philip Lowe Interest Rates Reserve Bank Callam Pickering Jim Chalmers
RBA boss Philip Lowe says inflation appears to have peaked in January but says more rate hikes are on the way. Photo: AAP

The Reserve Bank has raised interest rates for the 10th straight meeting in a row and continues to flag more hikes in a bid to bring inflation down.

At its second meeting of 2023 on Tuesday, the RBA pushed through a 0.25 percentage point hike, taking its target cash rate to 3.6 per cent.

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