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2022.05.03 12:49 GMT+8

Reserve Bank of Australia raises official interest rate to 0.35%

Updated 2022.05.03 12:49 GMT+8
CGTN

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%, signaling that more increases are yet to come.

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