Australian Official Cash Rate Rise to 1.85 Percent

over 1 year in theepochtimes

The Reserve Bank of Australia (RBA) has raised the official cash rate to 1.85 percent with another 0.5 percent increase, in line with market expectations. Following the board meeting on Aug. 2, RBA governor Philip Lowe said in a statement that the recent rate hikes were necessary to bring inflation down and balance demand and […]

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Philip Lowe
Philip Lowe
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