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Reserve Bank of Australia Raises Rates a Fourth Time

Original: Reserve Bank of Australia Raises Rates a Fourth Time as Inflation Fears Materialize

The Reserve Bank of Australia has raised interest rates for the fourth consecutive time, moving to curb inflation that policymakers had warned was building. The decision signals the central bank's concern that price pressures are proving more persistent than expected. It adds to a global pattern of aggressive monetary tightening, and households and businesses face further pressure on mortgages and borrowing costs.

Why now: Ongoing global inflation worries and central bank tightening are keeping rate decisions in the spotlight.

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• Reserve Bank of Australia Raises Rates a Fourth Time as Inflation Fears Materialize · WSJ

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