2022.05.03 19:22 GMT+8

Australia sees biggest inflation in nearly two decades

Updated 2022.05.03 19:22 GMT+8
CGTN

Australia recently recorded the highest increase in inflation in two decades. The Reserve Bank of Australia has raised its official cash rate for the first time since 2010. The central bank lifted the cash rate target from 0.1 to 0.35 percent, signaling that more increases may come.

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