✉news BusinessBanking first seen 1 d ago, last 1 h ago, peak #17
Australia Raises Interest Rates to 15-Year High
Original: Australia Battles Persistent Inflation by Hiking Rates to 15-year High
Australia's central bank has raised interest rates to their highest level in 15 years as it continues efforts to bring down stubbornly persistent inflation. The move is part of an ongoing battle against rising prices, with households and businesses expected to face higher borrowing costs as policymakers prioritise price stability.
Why now: Markets and households are watching the Reserve Bank of Australia's response to inflation that has proved more stubborn than expected.
AustraliaReserve Bank of Australia
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