RBA hikes rates to 4.35%
The move is the third increase this year, and markets are factoring in two more.
The RBA is not expecting inflation to be back in its target range until 2028.
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The Reserve Bank of Australia today raised interest rates for the third time this year, increasing its cash rate by 26bps to 4.35%.
With CPI inflation now running at 4.6%, and well above the central bank’s mandated target of between 2% and 3%, market expectations were heavily in favour of another
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