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Rates raised again as oil spike fuels inflation fears

Rates raised again as oil spike fuels inflation fears

The Reserve Bank of Australia has hiked interest rates for the second month in a row as war in the Middle East compounds inflation concerns. In a split five-four decision on Tuesday, the central bank’s monetary policy board lifted the cash rate by 25 basis points to 4.1 per cent, following a hike of the [...]Read More...The post Rates raised again as oil spike fuels inflation fears appeared first on Surf Coast Times.