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Reserve Bank of Australia Lifts Cash Rate to 2.35 Percent

Reserve Bank of Australia Lifts Cash Rate to 2.35 Percent
A general view of the Reserve Bank of Australia building in Sydney, Australia, on May 3, 2022. Brook Mitchell/Getty Images
Alfred Bui
|Updated:

The Reserve Bank of Australia (RBA) has announced the fifth consecutive interest rate increase and hinted at further rises in the upcoming months.

At its board meeting on Sep. 6, the RBA decided to raise the official cash rate by 0.5 percent to 2.35 percent, the highest level since 2015.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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