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Economics
3 mins to read

RBA hikes cash rate target by 25bp

Governor PhiIip Lowe says RBA "resolute" in bringing down hot inflation.

Australian inflation climbed to 7.3%, and could rise to 8% by end of year.

Australia’s central bank has raised its cash rate again by 25-basis-points and said inflation remained too hot.

The RBA this afternoon hiked to 2.85%, as widely expected, however some analysts factored in the chance of a 50bp shift, following a rise in inflation to 7.3%, the highest in more than

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RBA hikes cash rate target by 25bp
Economics,
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