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The New Daily
The New Daily
Matthew Elmas

Interest rates rise slower as RBA inflation battle enters new phase

Treasurer Jim Chalmers on Tuesday's RBA decision 10 News First – Disclaimer

The Reserve Bank took its foot off the accelerator in October, approving a smaller 0.25 percentage point increase in interest rates as the battle to curb inflation enters a new phase.

RBA governor Philip Lowe unveiled a record-breaking sixth straight rate increase on Tuesday, taking the official cash rate target to 2.6 per cent.

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