RBA lifts interest rates to 4.6% in 15-year-high
The Reserve Bank of Australia has lifted interest rates by 25 basis points to the highest level since 2011.
The Reserve Bank of Australia has lifted interest rates by 25 basis points to the highest level since 2011.
In a unanimous decision, the central bank’s board lifted the cash rate to 4.6 per cent as it wrapped up its two-day meeting on Tuesday.
Expectations for a hike had firmed in the weeks leading up to the decision, with hotter-than-expected inflation, rising oil prices and hawkish commentary from the RBA’s top brass.
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