A commercial bank is pictured in Sydney, Australia, Nov. 7, 2023. (Photo by Hu Jingchen/Xinhua)
SYDNEY, Nov. 7 (Xinhua) — The Reserve Bank of Australia (RBA) on Tuesday decided to raise the cash rate target by 25 basis points to 4.35 percent, after keeping the rate on hold for four consecutive months.
Following a monetary policy meeting on Tuesday, RBA Governor Michele Bullock said in a statement that the rise in interest rates was warranted to be more assured that inflation would…
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