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Men's Weekly

RBA raises interest rates as inflation pressures remain high

  • Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points to 3.85%, adding to pressure on households and businesses. While the move was widely expected by markets and most economists, the Reserve Bank says inflation risks remain too high to be comfortable.

The RBA said inflation “picked up materially” in the second...

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