Australia Lifted Cash Rate To 2.85 Percent Amid 32-Year-High Inflation
SYDNEY, Nov 2 (NNN-AAP) – Australia’s central bank announced yesterday, a back-to-back interest rate hike for seven months in a row, by 25 basis points to 2.85 percent, in a bid to rein in the country’s “too high” inflation. Philip Lowe, governor of the Reserve Bank of Australia, noted in…
