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ABC News
ABC News
Business
business reporters Stephanie Chalmers, Gareth Hutchens, Michael Janda and Kate Ainsworth

ASX closes higher as Reserve Bank lifts cash rate by 0.25 percentage points to 3.6 per cent; InvoCare surges on takeover bid — as it happened

Reserve Bank Reserve Bank of Australia United States

The Reserve Bank of Australia has lifted the cash rate by 0.25 percentage points to an 11-year high of 3.6 per cent, and the local share market has rallied to close higher after suffering some falls earlier in the session.

Look back at how the market reacted to the RBA's decision and the rest of the day's financial news and insights from our specialist business reporters on our blog. 

Disclaimer: this blog is not intended as investment advice.

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