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Economics
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RBA surprises with another rate hike

Inflation has forced the RBA to hike by 25bp to 4.1% today.

Economists widely expected no change.

Australia’s central bank has produced a surprise rate hike this afternoon, taking the cash rate target up 25 basis points to 4.1%.

Economists widely expected the rate to remain on hold this week, following a rise in unemployment, weaker-than-expected quarterly wage growth, as well as softer retail

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Jonathan Mitchell Tue, 06 Jun 2023
Contact the Writer: jmitchell@nbr.co.nz
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RBA surprises with another rate hike
Economics,
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