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Australia's central bank lifts rates to 15-year high

Original: Australia's central bank raises cash rate to 15-year peak

The Reserve Bank of Australia has raised its cash rate to its highest level in 15 years, a move that lifts borrowing costs for households and businesses across the country. The decision reflects ongoing efforts to rein in inflation, and analysts and borrowers are weighing what it means for mortgages and the wider economy.

Why now: Interest rate decisions by major central banks have broad economic consequences and draw widespread attention

Reserve Bank of AustraliaAustralia

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Evidence

• Australia's central bank raises cash rate to 15-year peak · Reuters
• Australia's central bank raises cash rate to 15-year peak · Tacoma News Tribune

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