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The Times

RBA narrowly votes to lift interest rates. The Middle East war may determine if there’s more to come

  • Written by John Hawkins, Head, Canberra School of Government, University of Canberra

The Reserve Bank of Australia (RBA) has lifted official interest rates for the second time this year as it struggles to bring inflation under control, saying inflation is “likely to remain above target for some time”.

But it was a split decision, with five members of the RBA board voting for a hike against four who preferred to hold...

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