The Guardian Australia – News
·general
·1 hour ago
RBA raises cash rate to 4.35% amid Middle East tensions and inflation
Australia's Reserve Bank raised the cash rate to 4.35% for a third consecutive hike, citing inflationary pressures from Middle East tensions and fuel costs. The central bank forecast intensifying cost-of-living pressures alongside weaker economic growth. Treasurer Jim Chalmers said the decision would make life tougher for Australians already struggling with regional conflict impacts.
Summary by Glance · The Guardian Australia – News
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