Australia hikes its interest rate for the first time in more than a decade - CNBC

The Reserve Bank of Australia said the cash rate will be increased by 25 basis points to 0.35% — the first rate hike since November 2010.

Australia's consumer price index jumped 2.1% for the March quarter in 2022, with prices of food, petrol and other consumer goods all surging. Australia hiked its interest rate for the first time in … [+3093 chars]

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