ABC News – Top stories
·general
·2 hours ago
Reserve Bank lifts interest rates by another 0.25pc, to 4.35pc
The Reserve Bank raised its cash rate by 0.25 percentage points to 4.35 percent, unwinding last year's easing cycle as inflation pressures mount. The decision was made by an 8-1 majority, with eight board members voting for the increase. Rising fuel prices driven by Middle East conflict pushed headline inflation higher, prompting the RBA to act despite weakening business confidence.
Summary by Glance · ABC News – Top stories
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