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RBA lifts interest rates to 4.60 per cent

Original: Michele Bullock speaks after RBA lifts interest rates to 4.60 per cent | IN FULL

The Reserve Bank of Australia has raised interest rates to 4.60 per cent, with Governor Michele Bullock addressing the media after the decision. It is the central bank's latest move as it works to bring inflation back to target, and Bullock's full press conference is drawing wide attention as households weigh higher borrowing costs.

Why now: The RBA's rate rise directly affects mortgages and borrowing costs, and Bullock's comments on the outlook are being closely followed.

Michele BullockReserve Bank of AustraliaAustralia

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• Michele Bullock speaks after RBA lifts interest rates to 4.60 per cent | IN FULL · SBS News · 203.2K

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