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Cash Rate

Australia’s Central Bank Shocks with Huge Cash Rate Hike to Tackle Inflation

June 7, 2022 - 11:55 amJune 7, 2022 - 10:35 am by Nick R. Hamilton

The Australian central bank, the Reserve Bank of Australia, has hiked the cash rate by a massive 50 basis points, from 0.35 percent to 0.85 percent, to tackle soaring inflation.

Categories Economy Tags Australia, Business, Cash Rate, Inflation, News, Reserve Bank of Australia 1 Comment

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